US Retail Sales Rise 0.7% Despite Tariffs, Inflation Concerns
US retail sales increased more than expected in November, jumping 3.8% year-over-year and 0.7% month-over-month. The strong sales growth was driven by households purchasing motor vehicles and online merchandise, consistent with a healthy economy as the year ends. The solid increase in retail sales came despite concerns about inflation and tariffs. Manufacturers’ output rose 0.2%, … Read more