Market Updates
November U.S. Retail Sales Declined
Brian Turner
15 Dec, 2022
New York City
Retail and food services sales fell 0.6% in November from the previous month and the sales decline was the largest in the year so far, the U.S. Census Bureau reported Thursday.
The November month sales included Cyber Monday and Black Friday discount sales and the sales weakness suggested that a strong 1.3% increase in October pulled the sales forward.
Retail sales data are adjusted for seasonal variations and holiday and trading day differences but not adjusted for price differences or inflation.
Gasoline stations sales rose 16.2% from a year ago in November and food services sales increased 14.1% in the last 12 months to November.
November retail sales were $689.4 billion, down 0.6% from the previous month, but up 6.5% from a year ago.
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