Retail Sales Growth Tops Expectations in November, Showing Resilient Consumers Despite Cooling Momentum
- November retail sales grew 0.3%, exceeding expectations of a 0.1% decline
- Sales excluding autos and gas rose 0.6%, also topping forecasts
- 8 of 13 retail categories saw increases versus last month
- Sales at food services and sporting goods stores rose notably
- Data shows consumers remain resilient, though growth is cooling heading into 2023