Americans dialed back their spending in November, new data from the Census Bureau showed Wednesday.
US retail sales grew by 0.3% in November, a sharp decline from the previous month and less than economists had predicted.Even so, sales were 16.1% higher than in the same period last year.Americans have been struggling with rising prices and supply shortages this year. The emergence of the fast-spreading Omicron coronavirus variant has also rattled markets and industries, such as travel. But economists and retail sector experts still believe that the holiday shopping season will be strong.
5% this year compared with the 2020 holiday season, to a record of up to $859 billion, projects the National Retail Federation, an industry trade group.Stores have signaled to customers to shop for goods early in the holiday season to ensure they can buy the gifts they want. Many consumers shopped earlier than ever for the holidays: Sales in October jumped 1.8%. This may have caused a dropoff in November, some economists say.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
U.S. retail sales rise moderately amid shortages, high inflationU.S. retail sales increased less than expected in November, likely payback after surging in the prior month as Americans started their holiday shopping early to avoid empty shelves.
Weiterlesen »
32 Best Baby and Kids' Holiday Sales to Shop This MonthWhether you’re wrapping up your holiday shopping or getting started on baby’s nursery, these baby deals will help you save!
Weiterlesen »
Shopping: The Best Festive Face Masks for Keeping Your Holidays Safe and MerrySpread winter cheer with these non-medical face masks.
Weiterlesen »