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U.S. Retail Sales Miss Forecasts for Pickup as Restaurants Drop

Friday, 13 December 2019 20:52 WIB Ekonomi AS Ritel sales

U.S. retail sales missed forecasts calling for an acceleration in November as clothing stores and restaurants posted declines, signaling the economy’s main engine may cool in the fourth quarter by more than previously thought. The value of overall sales climbed 0.2% after an upwardly revised 0.4% increase the prior month, Commerce Department figures showed Friday. The median estimate in a Bloomberg survey called for a 0.5% increase. Sales in the “control group” subset increased a below-forecast 0.1% following a 0.3% gain. The measure excludes food services, car dealers, building-materials stores and gasoline stations, providing a reading considered more reflective of underlying consumer...

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