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.
Ã¢â‚¬Å“Sales are growing, but they just arenÃ¢â‚¬â„¢t accelerating,Ã¢â‚¬Â said Ryan Wang, an economist at HSBC Securities USA Inc. in New York. Ã¢â‚¬Å“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.Ã¢â‚¬Â
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