US retail sales rose scant 0.2% in November
Posted December 14, 2018 5:34 am.
This article is more than 5 years old.
WASHINGTON — U.S. retail sales increased a slight 0.2% in November, as strong sales tied to holiday shopping were offset by lower gasoline prices.
The Commerce Department said Friday that retail sales have climbed a solid 5.3% so far this year. In November, non-store retail sales — a category that includes Internet brands such as Amazon — jumped 2.3%. Furnishers, electronics stores and health stores also enjoyed a solid bump as the holiday shopping season got into full swing.
But some of that sales growth was hampered by gas stations, which saw a 2.3% drop in purchases last month. Higher gas prices in October, along with increased auto-buying, had helped propel broader retail sales gains of 1.1% during that month. Excluding gas, November retail sales rose a healthy 0.5%.
Josh Boak, The Associated Press
