US Retail Sales Rise Less Than Expected

U.S. retail sales rose less than expected in November registering a 0.2 percent increase versus an expected 0.6 percent gain. November’s result was the weakest in five months.

“Sales are growing, but they just aren’t accelerating,” said Ryan Wang, an economist at HSBC Securities USA Inc. in New York. “There have been some real slight hints of improvement in the labor market, but until we get sustained growth in income, spending is going to be moderate.”

Source: Bloomberg

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