U.S. re­tail sales barely rise at start of hol­i­day shop­ping. Amer­i­cans

The Denver Post - - BUSINESS -

in­creased their re­tail spend­ing just slightly in Novem­ber, a pos­si­ble sign of lack­lus­ter hol­i­day shop­ping.

Re­tail sales rose only 0.1 per­cent in Novem­ber, af­ter a down­wardly re­vised 0.6 per­cent growth in Oc­to­ber, the Com­merce Depart­ment said Wed­nes­day.

Con­sumers bumped up their pur­chases at restau­rants and fur­nish­ers last month. But they also trimmed spend­ing at auto deal­ers and depart­ment stores, lim­it­ing the over­all ad­vance in re­tail sales.

“This re­port puts a slight blem­ish on an oth­er­wise solid string of U.S. eco­nomic data,” said Michael Dolega, se­nior econ­o­mist at TD Bank. “The dis­ap­point­ing head­line sug­gests that con­sumers are yet to fully open their wal­lets de­spite con­tin­ued job and in­come gains.”

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