Retail sales rise for sixth straight month
Tuesday, December 13, 2011
WASHINGTON (AP) — Americans spent more on autos, furniture and clothing at the start of the crucial holiday shopping season, boosting retail sales for a sixth straight month.
Retail sales rose 0.2 percent in November, the Commerce Department said Tuesday. That’s lower than October’s gain, which was revised higher to show a 0.6 percent increase. Still, more spending on retail goods shows the economy continues to grow at a slow but steady pace.
Consumers appeared to make more big purchases in November. They spent more on electronics, appliances and autos. So-called core sales, which exclude autos, gasoline and building materials, rose for the 11th straight month.