In November, U.S. retail sales excluding gasoline and automobiles maintained a steady growth rate, matching the 0.2% increase recorded in October, according to data updated on December 17, 2024. This consistent growth for two consecutive months highlights stability in consumer spending despite broader economic uncertainties.
The unchanged month-over-month growth indicates a resilient sector, likely buoyed by factors like seasonal spending and robust retail promotions during the lead-up to the holiday season. The steady indicator suggests that, while consumer dynamics and spending patterns may have shifted due to various economic influences, the core retail sector excluding volatile elements such as gas and vehicles continues to show steady performance.
Analysts suggest that this plateau signifies underlying stability in core retail sectors, suggesting that the U.S. economy, at least in certain segments, remains on solid footing as it heads into the new year. With these incremental gains, businesses and investors might anticipate moderate growth in the upcoming months, depending on broader economic conditions and consumer confidence levels.
The material has been provided by InstaForex Company -
www.instaforex.com
