Urgent... The performance of U.S. retail sales has varied for the second consecutive month.

The U.S. Census Bureau released today, Tuesday, the U.S. retail sales data for November, which showed some variation over the past month for the second consecutive month.

According to the data, U.S. retail sales grew by about 0.7% during November, while markets had anticipated a growth of only 0.6%. The previous reading recorded a growth of about 0.4% during October.

On the other hand, the core retail sales data fell short of market expectations, as core retail sales recorded a monthly growth of 0.2% in November, while market forecasts indicated a growth of 0.4%. The previous reading had recorded a growth of 0.1% in November.

The index measures the change in the total value of sales at the retail level. Therefore, this data provides a preview of consumer spending data, which underpins most economic activity. Higher-than-expected data positively influences movements in the U.S. dollar, and vice versa, especially since consumer spending accounts for two-thirds of GDP, making it an important factor for economic growth.

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