Self Directed Investor Inc
SDI: "Empowering investors with ideas and education"
Symbol Lookup »  
Topics:ChinaETFsEarningsEconomyEnergyForexGoldIncomeLessonsIdeasTrading

  • Other news: News from PR Newswire
| More

US Retail Sales Strong in November

Tue, Dec 14, 11:32 AM ET, by RetailSails.com

Improving consumer confidence and aggressive discounting by retailers led to a strong start to the holiday season. The Commerce Department reported this morning that Advance Estimates of U.S. Retail and Food Services sales for November rose an adjusted 0.8% from the prior month to $378.7 Billion following a 1.7% rise in October, while sales increased 9.2% (unadjusted) compared to the year-ago period. This is the 13th straight year-over-year gain after 15 consecutive months of declines, which was the longest such streak on record.

Total US Monthly Retail & Food Services Sales

Total sales excluding Autos were up 7.9% from last year, while total sales less Autos and Gas Stations showed a 7.7% year-on-year increase. Retail gains have been impressive for most 2010, with year-to-date sales 6.5% higher than last year. However, nominal sales have still yet to return to peak levels, as total monthly sales were still down 0.3% from November 2007, and year-to-date sales are down 1.6% and 1.5% from 2008 and 2007 respectively.

Total US Monthly Retail & Food Services Sales - 5YR

For the month, Gas Stations (+10.1% YoY / +4.0% MoM), Nonstore retailers (+18.1% YoY / +2.1% MoM), and Clothing and Accessories Stores (+9.6% YoY / +2.7% MoM) were among the strongest gainers, while Sporting Goods/Hobby/Books & Music Stores surged to its highest year-over-year gain on record (+15.5% YoY / +2.3 MoM).

With better than projected spending so far, expectations are rising for the best holiday season in years, as both the International Council of Shopping Centers (ICSC) and National Retail Federation (NRF) raised their guidance for holiday season sales this morning:

  • Given the strong November performance and promising trends in early December, ICSC is revising its November-December holiday-season sales forecast upward by 0.5 percentage points to a range of 3.5% to 4.0%. Holiday store-sales growth is still expected to be the strongest since at least 2006.
  • After a solid start to the holiday season, the National Retail Federation announced today that it is revising its forecast to 3.3%, up from 2.3%. The upward revision is due to improvement in a variety of economic indicators including stock market gains, recent income growth, savings built up during the recession – all giving consumers the capacity to spend.



Click here for more detailed results of November retail sales.


This Article's Word Cloud:   Accessories   Autos   Council   December   Federation   Food   ICSC   National   November   October   Retail   Stations   Stores   aggressive   both   date   down   forecast   from   gain   gains   growth   have   holiday   last   least   less   month   morning   over   record   retailers   revising   rose   sales   season   start   still   strong   strongest   than   that   this   total   unadjusted   upward   were   which   while   year

| More

Four Myths about Entrepreneurship
Wed, Sep 17, 4:42 PM ET, by Donald Marron

Spoiler: 20-somethings make headlines, but founders in their 30s and 40s are more important. (Disclosure: ...

The Timing Is About Right for King Dollar
Mon, Sep 15, 5:11 PM ET, by Bob McTeer

Earlier in the recovery from the Great Recession, Larry Kudlow and most of his TV ...

"Ignore the Low Inflation and Strong Dollar. The Experiment Isn't Over Until Things Turn Bad."
Sat, Sep 13, 3:11 PM ET, by Bob McTeer

One of my favorite newspaper clippings is an op ed piece in the WSJ by ...

Does the Export-Import Bank Make or Lose Money?
Wed, Sep 10, 12:12 PM ET, by Donald Marron

Suppose your aunt decides to start a business making pizza ovens. She will design and ...

Money Hoarding
Sun, Sep 7, 3:11 PM ET, by Bob McTeer

A recent piece published by the St. Louis Fed concluded that inflation has been low ...

How Economic Insights Shaped the Web Economy
Sat, Aug 30, 8:12 AM ET, by Donald Marron

In this TEDx talk, Bob Litan shows how economic insights shaped the web economy, from ...

Why Has the Texas Economy Outperformed? A Surprising Answer From Paul Krugman
Wed, Aug 27, 4:11 PM ET, by Bob McTeer

Years ago, when I was still at the Dallas Fed and long before Governor Perry ...

Who Owns the Right to Recline? Property Rights in the Sky
Tue, Aug 26, 11:12 AM ET, by Donald Marron

“On Sunday, a United Airlines flight was forced to divert after two passengers got into ...

Todays Retail News Reel
Fri, Aug 22, 10:11 AM ET, by RetailSails.com

Here is what we are paying attention to in today's news:Time To Get Into Dollar ...

JOLTS Are Looking Good
Wed, Aug 13, 12:11 PM ET, by Bob McTeer

Jolts are not an external shock to the economy. Rather, Jolt is an an acronym ...

The Fed's Vice Chairman, Stanley Fischer, States the Obvious and Creates a Buzz
Mon, Aug 11, 9:21 PM ET, by Bob McTeer

In a speech in Sweden, apparently only the second one since becoming Vice Chairman of ...

Central Banker Heaven
Wed, Aug 6, 1:11 PM ET, by Bob McTeer

I have finally reached the point where people are quoting me from the old days, ...

Our International Trade Deficit - Down This Month, Up This Year
Wed, Aug 6, 11:51 AM ET, by Bob McTeer

A graph of the U.S. international trade deficit in goods and services over the past ...

The Employment Cost Index - Not Inflationary
Mon, Aug 4, 2:11 PM ET, by Bob McTeer

The Economic Cost Index for the second quarter got quite a bit of attention last ...

Happy Birthday Milton Friedman
Thu, Jul 31, 2:31 PM ET, by Bob McTeer

Today is the 102 anniversary of the birth of America's greatest economist, Milton Friedman. He ...

My New Paradigm Frog
Wed, Jul 30, 5:51 PM ET, by Bob McTeer

The highlight of my almost 14 year tenure as President of the Federal Reserve Bank ...

Whoopie GDP
Wed, Jul 30, 5:11 PM ET, by Bob McTeer

Well, real GDP finally hit a 4 percent growth rate in the second quarter; so, ...

The Federal Reserve is Not Ending Its Stimulus
Thu, Jul 10, 2:39 PM ET, by Donald Marron

Yesterday, the Federal Reserve confirmed that it would end new purchases of Treasury bonds and ...

The President's Minimum Wage Proposal
Thu, Jul 3, 6:28 PM ET, by Bob McTeer

This morning I heard President Obama bragging on the June jobs report. Moving on to ...

Go Economy Go!
Thu, Jul 3, 1:38 PM ET, by Bob McTeer

This morning's employment report showed an old-normal, wide-spread increase in payroll employment of 288,000, with ...

Happy Tau Day
Sat, Jun 28, 5:06 PM ET, by Donald Marron

Blogging’s been very light of late, but I couldn’t let June 28th slip by without ...

Exporting Energy
Tue, Jun 24, 12:28 PM ET, by Bob McTeer

I'm afraid the phrase "too soon old, too late smart" applies to me. To that ...

The Foreign Trade Imbalance
Mon, Jun 23, 2:33 PM ET, by Bob McTeer

People like me, who studied economics in the old days, learned that foreign trade imbalances ...

The ECB's Negative Interest Rate
Thu, Jun 5, 5:41 PM ET, by Bob McTeer

Among other easing measures, the ECB has cut the interest rate on its deposit facility ...

Monetarist vs. Keynesian: Velocity Is the Key
Mon, Jun 2, 2:51 PM ET, by Bob McTeer

One of the neat (in my opinion) things I used to do in elementary macro ...

The Ted Spread
Tue, May 20, 2:21 PM ET, by Bob McTeer

Yesterday, I attended an excellent conference on monetary policy at the Bush LibraryBush 43 that ...

The Fed Governor Shortage
Tue, May 13, 11:41 AM ET, by Bob McTeer

The New York Times has a pretty good article today about the unfilled seats on ...

Falling Dollar? It Depends on the Index
Mon, May 12, 2:11 PM ET, by Bob McTeer

When the Federal Reserve adopted a super easy monetary policy in response to the financial ...

How the Fed Fuels the Coming Inflation
Thu, May 8, 9:21 AM ET, by Bob McTeer

The title above is also the title of an opinion piece by Allan Meltzer in ...

Plunging Productivity: The Worst News of All
Wed, May 7, 1:11 PM ET, by Bob McTeer

In the glory days of the New Paradigm Economy in the late 1990's, sustained, above-average ...

Wage Inflation?
Wed, Apr 30, 4:51 PM ET, by Bob McTeer

"Economists, all or most of us consent If wage rates rise by 10 percent It ...

The FOMC's Low-Inflation Worries
Thu, Apr 10, 11:11 AM ET, by Bob McTeer

The minutes of the March FOMC meeting released yesterday, April 9, showed a heightened concern ...

Seven Tax Issues Facing Small Business
Wed, Apr 9, 3:52 PM ET, by Donald Marron

Today I had the chance to testify before the House Small Business Committee on the ...

Two Percent Inflation: A Good Thing Or A Bad Thing?
Tue, Apr 8, 5:11 PM ET, by Bob McTeer

Maybe it's just me, but it seems like every time Janet Yellen speaks publicly she ...

Lies, Damed Lies, and GDP
Sat, Apr 5, 1:21 PM ET, by Bob McTeer

Back in the day, I was being only partly facetious when I suggested that the ...

The Slow Recovery, Simplified & Rounded
Wed, Apr 2, 3:11 PM ET, by Bob McTeer

Not everybody waits like me every morning for the latest stat on how the economy ...

How Big is America’s Underground Sex Economy?
Wed, Mar 12, 1:12 PM ET, by Donald Marron

How big is the underground sex economy in the United States and how does it ...

Illusory Wealth
Sun, Mar 9, 3:11 PM ET, by Bob McTeer

The Federal Reserve recently reported that the net worth of American households grew by $9.8 ...

Today's Retail News Reel
Sun, Feb 23, 8:51 AM ET, by RetailSails.com

Here's what we're paying attention to in today's news:Walmart Pursuing Both 'Stock-Up' And 'Fill-In' Customers ...

The Fed Transcripts
Sat, Feb 22, 3:31 PM ET, by Bob McTeer

The hullabaloo over the 2008 FOMC transcripts, released yesterday after a five year lag, stirs ...

Spaghetti, Pies, and Clutterplots: Visualizing Data
Wed, Feb 5, 2:12 PM ET, by Donald Marron

Jonathan Schwabish has just published a wonderful guide to visualizing economic data. If you produce ...

Is Obamacare the New Gasoline Price Tax?
Wed, Feb 5, 11:31 AM ET, by Bob McTeer

A friend of mine recently told me that he knew his insurance premium would rise ...

A Good GDP Tradeoff: Net Exports Up; Government Spending Down
Mon, Feb 3, 10:51 AM ET, by Bob McTeer

When I look under the hood of GDP reports, the fly in the ointment I ...

Taper II and Goodbye Mr. Bernanke
Wed, Jan 29, 3:31 PM ET, by Bob McTeer

While I wasn't surprised that the FOMC accelerated their taper, I wouldn't have been surprised ...

Today's News Reel
Tue, Jan 28, 12:41 PM ET, by RetailSails.com

Here's what we're paying attention to in today's news:Merchant Warehouse and Retail Pro International Bust ...

RetailSails Website and Report Update
Tue, Jan 21, 4:11 PM ET, by RetailSails.com

As a result of all the improvements to our Digest, the report will now be ...

Keynes Was Right. Economists Should Aspire To Be Like Dentists
Mon, Jan 20, 10:12 AM ET, by Donald Marron

In a lengthy piece on “The Future of Jobs“, the Economist cites some estimates of ...

Why Do Economists Have a Bad Reputation?
Wed, Jan 15, 4:32 PM ET, by Donald Marron

Because macroeconomists have messed it up for every one else, says Noah Smith at The ...

Ben Bernanke, the Central Banker – A Tribute
Fri, Jan 3, 5:12 PM ET, by Donald Marron

A tribute to Ben Bernanke, sung to the tune of Rudolph the Red-Nosed Reindeer.University of ...

Musings As Time Runs Out on 2013
Tue, Dec 31, 6:11 PM ET, by Bob McTeer

If this must have an economics connection, all I can think of at the moment ...

Related videos | all videos »
  More articles:  1 2 3 4 5 6 7 next »

ABOUT US »   ADVERTISE »   CONTACT US »   TERMS OF USE & PRIVACY POLICY »

US Retail Sales Strong in November | Self Directed Investor | Copyright © 2008 - 2014, All Rights Reserved

Any ideas and opinions presented in Self Directed Investor content are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All site visitors agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.

SDI is associated with: ValueForum.com -- a subscription-based online social networking forum of over 1000 individual investors. | MarketNewsVideo.com -- videos appearing on SDI are produced by Market News Video. | TickerTech.com -- stock quote content appearing on SDI is at least 20 minutes delayed and is powered by Ticker Technologies. | GoldStockStrategist.com -- Edited by Scott V. Nystrom, PhD, Gold Stock Strategist provides analysis on gold mining companies.