U.S. reports slight rise in retail sales in November
Xinhua, December 12, 2015 Adjust font size:
U.S. retail sales rose slightly in November, supported by strong sales in food and clothing, but dampened by bleak sales in auto and gas.
In November, retail sales went up 0.2 percent from the previous month, slightly up from an increase of 0.1 percent in September, the Commerce Department said Friday.
On a year-on-year basis, the sales went up 1.4 percent in November.
Sales on food and clothing jumped 0.7 percent and 0.8 percent, respectively.
Motor vehicles and parts sales fell 0.4 percent, while sales of gasoline dropped 0.8 percent.
Excluding the volatile auto sales, total retail sales expanded 0.4 percent in November.
Sluggish sales may raise concerns about American consumers' spending power, as retail sales account for about one-third of consumer spending, the main engine of the economic activity. Endit