Published: 2024-12-04T16:36:56.000Z
Preview: Due December 17 - U.S. November Retail Sales - Trend still solid
Senior Economist , North America
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We expect US retail sales to maintain momentum in November, with a 0.6% increase overall with 0.5% gains both ex auto and ex auto and gasoline.
Auto sales have gained momentum in recent months, probably supported by falling interest rates.
Gasoline prices are unlikely to have a significant impact in November.
Ex autos and gasoline the picture is solid, and we expect November data to look more in line with trend after an above trend September was preceded by a subdued August and followed by a subdued October.
Chain store data from Redbook showed November with a strong finish after Thanksgiving after a more moderate performance early in the month.
