The unlikely rebound in retail sales provided a glimmer of hope for the economy, but new claims for jobless benefits showed the labor market still in the grip of a deep recession.
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By JACK HEALY, New York Times
Thu, 02/12/2009 - 10:41am
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U.S. retail sales increased more than expected in November as households stepped up purchases of motor vehicles and online merchandise, consistent with strong underlying momentum in the economy as the year winds down.
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There’s no quit in American shoppers. Retail sales rose faster than expected at the start of the holiday shopping season in November and pointed to steady growth in the U.S. economy.
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Retail sales are an economic metric that tracks consumer demand for finished goods. This figure is a very important data set as it is a key monthly market-moving event. Retail...
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Global retail sales are expected to reach $30.6 trillion in 2024, up 4.37% from 2023. Between 2023 and 2030, global retail sales will see a compound annual growth rate (CAGR) of 3.76%. U.S. retail sales are projected to total $8.53 trillionin 2024, up 2.78% from 2023.
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Retail trade sales were up 0.9 percent (±0.5 percent) from October 2024, and up 4.1 percent (±0.5 percent) from last year. Motor vehicle and parts dealers were up 6.5 percent (±1.8 percent) from last year, while Nonstore retailers were up 9.8 percent (±1.4 percent) from November 2023.
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