U.S. Retail Sales Surge in November, But Concerns Loom Over Future Consumer Spending

SalesMoney Matters
Written By Jennifer Joslyn

In November, Americans increased their spending ahead of the holiday season, with retail sales rising by 0.3%, surpassing expectations and reversing the decline recorded in October. Excluding volatile categories like gasoline and autos, sales climbed by 0.6%. While this suggests a resilient consumer base, some economists anticipate that factors like rising debt and tighter credit conditions may impact spending in the first half of 2024.

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Jennifer Joslyn
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