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US retail sales tick up 0.2% in November


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US retail sales tick up 0.2% in November

Seasonally adjusted retail sales in the U.S. grew 0.2% month over month to $513.53 billion in November, following an upwardly revised increase of 1.1% in October, according to an advance estimate from the U.S. Department of Commerce's Census Bureau.

The Econoday consensus forecast was for a 0.1% monthly gain.

Excluding motor vehicle and parts, sales ticked up 0.2%. Excluding gasoline stations, sales edged 0.5% higher.

Sales at motor vehicle and parts dealers rose 0.2%; nonstore retail sales gained 2.3%; and sales at gasoline stations fell 2.3%.

In annual terms, total retail sales grew 4.2%.