U.S. retail sales slow down in November

The car sales in November increased only a bit, which isn’t a good sign specialists say. Retail sales rose only 0.1 percent in November, after a downwardly-revised 0.6 percent growth in October

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Consumers bumped up their purchases at restaurants and furnishers last month. But they also trimmed spending at auto dealers and department stores, limiting the overall advance in retail sales. More Americans had seemed to enter the holiday season poised to shop. The improving job market has pushed unemployment down to 4.6 percent and prompted signs of accelerating wage growth. Over the past 11 months, retail sales have risen a solid 3.1 per cent compared to the same period in 2015. The greater retail sales helped support overall economic growth.

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