by Calculated Risk on 12/15/2022 08:45:00 AM
On a monthly basis, retail sales were up 0.6% from October to November (seasonally adjusted), and sales were up 6.5 percent from November 2021.
From the Census Bureau report:
Click on graph for larger image.
This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline).
Retail sales ex-gasoline were down 0.6% in November.
The second graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993.
Retail and Food service sales, ex-gasoline, increased by 5.6% on a YoY basis.
Sales in November were below expectations, and sales in September and October were revised down, combined.