Topics

Cyber Monday
November retail sales beat expectations as gas prices fall
November retail sales beat expectations as gas prices fall

Retail sales rose more than expected in November as consumers took advantage of falling gasoline prices and an improving job market to go shopping. The jolly report for the first days of the crucial holiday spending season adds to other indicators of growing economic strength. In November, retail sales climbed to $449.3 billion, an increase of 0.7% from October and 5.1% from November 2013, the Commerce Department said Thursday. Some forecasts had pegged the monthly sales improvement at 0.4%. In addition, the boost from September to October was revised up to 0.5%, from a 0.3% upswing. "Most measures of confidence seem to be trending higher," said Scott Hoyt, senior...

Loading