Investing.com – Retail sales in the U.S. rose less-than-expected in November, official data showed on Tuesday.
In a report, the U.S. Census Bureau said that retail sales rose by a seasonally adjusted 0.2% in November, falling short of expectations for a 0.6% increase.
October’s figure was revised up to a 0.6% gain from a previously reported 0.5% increase.
Year-over-year, retail sales rose at an annualized rate of 6.7% in November, after advancing at a rate of 7.5% in the previous month.
Core retail sales, which exclude automobile sales, also rose by 0.2% in November, disappointing expectations for a 0.5% gain.
Core retail sales rose by an unrevised 0.6% in October.
Core retail sales rose at an annualized rate of 6.6% last month after climbing at a rate of 7.5% in October.
Following the release of the data, the U.S. dollar remained fractionally lower against the euro, with EUR/USD easing up 0.04% to trade at 1.3194.
Meanwhile, stock index futures held on to gains after the data. The Dow Jones Industrial Average futures pointed to a rise of 0.45%, S&P 500 futures added 0.5%, while the Nasdaq 100 futures indicated a gain of 0.7%.
In a report, the U.S. Census Bureau said that retail sales rose by a seasonally adjusted 0.2% in November, falling short of expectations for a 0.6% increase.
October’s figure was revised up to a 0.6% gain from a previously reported 0.5% increase.
Year-over-year, retail sales rose at an annualized rate of 6.7% in November, after advancing at a rate of 7.5% in the previous month.
Core retail sales, which exclude automobile sales, also rose by 0.2% in November, disappointing expectations for a 0.5% gain.
Core retail sales rose by an unrevised 0.6% in October.
Core retail sales rose at an annualized rate of 6.6% last month after climbing at a rate of 7.5% in October.
Following the release of the data, the U.S. dollar remained fractionally lower against the euro, with EUR/USD easing up 0.04% to trade at 1.3194.
Meanwhile, stock index futures held on to gains after the data. The Dow Jones Industrial Average futures pointed to a rise of 0.45%, S&P 500 futures added 0.5%, while the Nasdaq 100 futures indicated a gain of 0.7%.