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ECON: Retail Sales Turn Positive, Only Weighed Down By Gas
Posted to: Micro News
Thursday, December 13, 2012 8:38 AM
- Headline Sales +0.3 vs +0.5 consensus, -0.3 previous
- Excluding Gasoline +0.8 vs -0.5 previous
- Commerce Dept says no impact from Sandy
The U.S. Census Bureau announced today that 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 $412.4 billion, an increase of 0.3 percent (±0.5%)* from the
previous month and 3.7 percent (±0.7%) above November 2011. Total sales for the September through November 2012 period were up 4.3
percent (±0.5%) from the same period a year ago. The September to October 2012 percent change was unrevised from -0.3 percent (±0.2%).
Retail trade sales were up 0.2 percent (±0.5%)* from October 2012 and 3.4 percent (±0.8%) above last year. Nonstore retailers were up 11.1
percent (±2.8%) from November 2011 and sporting goods, hobby, book and music stores were up 7.1 percent (±4.8%) from last year.
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