Investing.com – Retail sales in the U.S. rose more-than-expected in November, advancing for the fifth consecutive month, official data showed on Tuesday.
In a report, the U.S. Census Bureau said that retail sales rose by a seasonally adjusted 0.8% in November, after rising by 1.7% in October, whose figure was revised up from 1.2%.
Analysts had expected retail sales to increase by 0.5% in November.
According to the data, the largest increases in sales came at clothing and clothing accessories stores, which jumped 2.7%, and at sporting goods, hobby, book and music stores, which saw sales increase by 2.3%.
The report added that core retail sales, which exclude automobile sales, rose significantly more-than-expected, increasing by a seasonally adjusted 1.2% in November, after rising by 0.8% in October, whose figure was revised up from 0.4%.
Analysts had expected core retail sales to rise by 0.6% in November.
Following the release of the data the U.S. dollar was down against the euro, with EUR/USD gaining 0.35% to hit 1.3438.
Meanwhile, U.S. futures indexes pointed to a higher open: the Dow Jones Industrial Average futures indicated a rise of 0.15%, S&P 500 futures pointed to an increase of 0.18% and Nasdaq 100 futures indicated a gain of 0.12%.
In a report, the U.S. Census Bureau said that retail sales rose by a seasonally adjusted 0.8% in November, after rising by 1.7% in October, whose figure was revised up from 1.2%.
Analysts had expected retail sales to increase by 0.5% in November.
According to the data, the largest increases in sales came at clothing and clothing accessories stores, which jumped 2.7%, and at sporting goods, hobby, book and music stores, which saw sales increase by 2.3%.
The report added that core retail sales, which exclude automobile sales, rose significantly more-than-expected, increasing by a seasonally adjusted 1.2% in November, after rising by 0.8% in October, whose figure was revised up from 0.4%.
Analysts had expected core retail sales to rise by 0.6% in November.
Following the release of the data the U.S. dollar was down against the euro, with EUR/USD gaining 0.35% to hit 1.3438.
Meanwhile, U.S. futures indexes pointed to a higher open: the Dow Jones Industrial Average futures indicated a rise of 0.15%, S&P 500 futures pointed to an increase of 0.18% and Nasdaq 100 futures indicated a gain of 0.12%.