U.S. consumer retail spending rose $705.7B in November, up 4.1% from 2022

Dec. 14 (UPI) — Retail sales in the United States posted gains in November, bouncing back from a decline the month prior.

The U.S. Census Bureau reported Thursday that retail and food services sales in November rose by $705.7 billion, an increase of 0.3% from October results and up 4.1% from November 2022.

Consumer spending for motor vehicles and parts was up 4% from 2022. Health and personal care spending rose by 8.6% and food services and drinking places saw an 11.5% increase while food store spending went up 2.7%.

On the downside, spending at gasoline stations declined 11.7% from 2022, furniture stores posted a 5.5% drop and building materials dealers took a 2.8% hit.

Sales were up 0.2% excluding autos, while excluding autos and gas, sales rose 0.6% for the month.

Consumers spent 2.6% more at general merchandise stores compared to 2022.

Sales declined by 0.2% in October.

Total sales for the September 2023 through November 2023 increased by 3.4% from the same period a year ago, according to the Census Bureau.

These numbers are advance estimates of U.S. retail and food services, adjusted for seasonal variation, holiday and trading day differences.

Authored by Upi via Breitbart December 13th 2023