Retail Sales Surge in November
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WASHINGTON -- Consumers battered by a multitude of economic woes came roaring back in November, pushing retail sales up by the largest amount in four months.
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Retail sales rose a strong 1.2 percent in November in a bright sign for the holiday shopping season, but producer prices posted their biggest gain in 34 years, offering a reminder that rising costs are weighing on the economy.
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Consumer spending rose at the fastest rate in more than two years in November and prices also climbed sharply, according to a government report on Friday that showed the economy on firmer ground than many had believed.
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Retail sales in the United States increased by a modest 0.1 percent in November following a revised gain of 0.8 percent in October, the Commerce Department reported on Monday.
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Shoppers showed a bit of cheer at the cash registers in November, boosting sales at the nation&#39;s retailers by 0.1 percent. The newest snapshot of consumers&#39; buying appetite, issued
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WASHINGTON -- Wholesale prices and retail sales jumped in November and jobless claims fell last week.
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US retail sales in November were up 0.1 per cent from the previous month, slightly higher than expected. Sales were 7.2 per cent up on the same month last year, according to advance estimates
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US retail sales leapt 1.0 percent in November, the Commerce Department said in a report showing much stronger-than-expected consumer spending.
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Near-record crowds turned out for the holiday shopping seasonâs Thanksgiving weekend kickoff, bringing with them unexpectedly robust sales gains to many malls and retail chains across the country.
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Wal-Mart Stores Inc., the world&#39;s largest retailer, estimated November sales at US stores open at least a year rose about 0.7 percent, less than its forecast, amid higher gasoline prices that curbed consumer spending.
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US orders for factory goods saw their biggest jump in four months in November, government data shows.
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America's shoppers still have some buying spirit, pushing sales at the nation's retailers higher in November and raising hopes for the holiday season.
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NEW YORK -- Retailers got what they wanted over the Thanksgiving weekend -- a strong start to the 2006 holiday shopping season.
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Sales on the High Street grew unexpectedly fast in November, official figures show.
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Retail sales were solid in November as the holiday shopping season got underway, but a good portion of consumer dollars went to higher-priced gasoline, which also pushed wholesale inflation up by the largest amount in 34 years.
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Booksellers are enjoying brisk business since the traditional start of the holiday shopping season, with sales starting the week of Thanksgiving up sharply over 2003.
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U.S. retail sales jumped a more-than-expected 1.2 percent in December, the government said on Thursday, as car dealers, furniture stores and on-line retailers reported strong sales.