U.S. household spending has continued to power along in November, buoyed by online purchases and gas station sales. According to the latest advance U.S. retail sales numbers released by the U.S. Census Bureau, retail sales increased by 0.8% during November. The figure is in excess of the +0.3% expected and higher than October’s revised figure of +0.5%. On a yearly basis, the increase was 5.5%, up from October’s comparable figure of 4.8% (after revisions).
13 December 2017