Increase A Good Sign For Holiday Sales
The Department of Commerce reported on Thursday
that retail sales rose 0.7 percent in November, following a 0.5 percent
increase in October that was larger than originally reported. That gain was at
the top end of analysts’ expectations. November’s gain is the highest since a
1.5 percent rise in March.
What This Means For Small Business:
While reports of sales over the post-Thanksgiving period were disappointing, it
now appears that consumers were spreading out their holiday buying over a
longer period of time than had been common in recent years, something this
report bears out.
This news article is intended to keep small business owners apprised of current events that may affect them. It does not necessarily reflect NFIB’s policy position on such issues.