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