U.S. retail sales grow 0.7 pct in November fueled by robust motor vehicle sales


  • World
  • Wednesday, 18 Dec 2024

WASHINGTON, Dec. 17 (Xinhua) -- U.S. retail sales grew 0.7 percent in November from the previous month, fueled by robust motor vehicle sales, according to data released by the U.S. Commerce Department on Tuesday.

Advance estimates of U.S. retail and food services sales for November, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were 724.6 billion U.S. dollars.

Motor vehicle and parts dealers were up 6.5 percent from last year, partially driven by replacement demand following the autumn hurricanes in the Southeast. Excluding car, car parts and gasoline, sales rose modestly by 0.2 percent last month.

Retail sales were up 3.8 percent above November 2023, the report showed.

The September to October percent change was revised from up 0.4 percent to up 0.5 percent. Total sales for the September 2024 through November 2024 period were up 2.9 percent from the same period a year ago.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

North Korea's Kim visits family tomb to pay tribute to his father
Luigi Mangione sought to 'sow terror' in UnitedHealth executive killing, prosecutor says
Argentine president demands release of soldier arrested in Venezuela
Filipina death-row prisoner in Indonesia arrives home in Philippines
Vanuatu earthquake death toll rises to 14 as rescuers search for survivors
Brazil lawmakers pass key regulations to enact tax reform
Canada pledges beefed-up border, immigration restrictions to appease Trump
Armed men attack Haiti hospital as violence shows no signs of abating
U.S. crude oil inventories down last week: API
Grammarly acquires productivity startup Coda

Others Also Read