US retail sales up 0.3% in November, beats expected decline

14 December 2023

 

Summary: US retail sales up 0.3% in November, rise  contrasts with expected decline; annual growth rate accelerates to 4.1%; US Treasury yields down noticeably; 2024 rate-cut expectations firm; higher sales in eight of thirteen categories; gasoline station sales largest single influence on month’s result. US retail sales had been trending up since late 2015 but, commencing in late 2018, a series of weak or negative monthly results led to a...

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