Driven by a rebound in auto purchases and holiday spending, U.S. retail sales in November rose 0.6% month-on-month, exceeding expectations.

Driven by a rebound in auto purchases and holiday spending, U.S. retail sales in November rose 0.6% month-on-month, exceeding expectations.

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According to data released by the U.S. Department of Commerce on Wednesday, unadjusted retail sales grew by 0.6% in November—exceeding expectations of 0.5%—after a revised decline of 0.1% in October. Excluding the automotive category, sales still rose by 0.5%. This report was delayed due to the government shutdown.

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