US retail sales beat expectations in November on holiday boost

WASHINGTON, United States — Retail sales in the United States picked up in November, delayed government data showed Wednesday, reflecting a better performance than expected as consumers headed into the holiday shopping season last year. But economists caution that the underlying picture for consumption could be mixed. Overall sales rose by 0.6 percent in November to $735.9 billion on a month-on-month basis, Department of Commerce data showed. READ: Luxury retailer Saks Global files for bankruptcy This marked a rebound from the revised 0.1 percent decline in October and was better than the 0.4 percent growth that analysts expected. “The strong gain […]... Keep on reading: US retail sales beat expectations in November on holiday boost