Posted 12/28/2023, 1:46:43 PM
U.S. Retail Sales Rebound in November, Underscoring Resilient Holiday Shoppers
- November retail sales rebounded, rising 3% over October
- The increase underscores the continued resilience of U.S. consumers during the holiday season
- Sales kept pace with inflation, meeting expectations of 3-4% retail sales growth
- Consumers "got out and did their jobs this year," spending a lot and making it a "very good shopping year"
- Consumer spending accounts for almost 70% of the U.S. economy, so strong retail sales are very important
