Retail Sales Chug Through November: Up 0.2%, vs. Cons. 0.6%
Tweet
Share
E-mail
Get Alerts AMZN Hot Sheet
Join SI Premium – FREE
Retail sales data for the month of November really missed expectations Tuesday morning.
Data from the U.S. Department of Commerce showed a 0.2 percent increase in November sales, compared to a 0.6 percent jump expected by the Street. The number was down from an upwardly-revised reading of 0.6 percent for October
Consumers spent on autos, fashion, and electronics, while saying "noJ" to eating out or buying groceries.
Auto sales in October rose 3 percent to a seasonally-adjusted annual rate of 13.6 million, the best level since August 2009. Tuesday's data shows sales at auto dealers increased from a 0.8 percent gain last month to a 1.3 percent rise.
Around the sector: Amazon (Nasdaq: AMZN) shares are 4.4 percent lower Tuesday while shares of Macy's (NYSE: M) are about 4.2 percent lower. The SPDR S&P Retail ETF (NYSE: XRT) is down 1.8 percent at last check.
Data from the U.S. Department of Commerce showed a 0.2 percent increase in November sales, compared to a 0.6 percent jump expected by the Street. The number was down from an upwardly-revised reading of 0.6 percent for October
Consumers spent on autos, fashion, and electronics, while saying "noJ" to eating out or buying groceries.
Auto sales in October rose 3 percent to a seasonally-adjusted annual rate of 13.6 million, the best level since August 2009. Tuesday's data shows sales at auto dealers increased from a 0.8 percent gain last month to a 1.3 percent rise.
Around the sector: Amazon (Nasdaq: AMZN) shares are 4.4 percent lower Tuesday while shares of Macy's (NYSE: M) are about 4.2 percent lower. The SPDR S&P Retail ETF (NYSE: XRT) is down 1.8 percent at last check.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- The Biggest Winners Don't Compete in a Category. They Rewrite It. One Company Is Betting It Can Too.
- U of M Sentiment (Aug P) 51 vs 55 Expected
- U.S. private hiring slows for sixth straight week, ADP data shows
Create E-mail Alert Related Categories
Economic Data, Retail SalesRelated Entities
Standard & Poor'sSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
