November retail sales were higher than expected

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Source: Dukascopy Bank SA
Retail sales in November rose by 0.7%, surpassing analysts' predictions of 0.6%, indicating strong consumer spending and a positive start to the holiday shopping season in the U.S. Excluding autos and gas, sales grew by 0.2%, which was below the expected 0.4%. The control group, important for GDP calculations, saw a 0.4% increase, matching expectations.



A strong consumer base is a key driver of the economy, as overall consumer spending boosts demand for goods and services, supporting business growth and job creation. When consumers are confident and willing to spend, it stimulates economic activity and helps maintain a healthy economic cycle.
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