November Retail Sales Post 1% Gain

Electronics and appliances stores lead increase.

Led by a 4.6% increase in sales at electronics and appliance stores, retail sales across the U.S. posted a 1% gain in November, the U.S. Commerce Department reported on Dec. 13. The increase exceeded economists' expectations and was a reversal of a one-tenth percent decline in retail sales in October.

Sales at furniture and home furnishings stores posted the only month-to-month decline in November; sales in those stores were down a tenth of a percent from October. Sales at clothing stores were flat in November.

Retail sales excluding autos posted a 1.1% gain in November, a substantial change from October when such sales fell three-tenths of a percentage point.

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