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US Retail and Food Services Sales Growth Slows in November

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American retail and food services sales for the month grew slower in November, as both auto and general merchandise sales slipped during the month.

Source: US Census Bureau

The seasonally-adjusted US retail and foodservice sales stood at $639.8 billion in November, up 0.3% from the previous month, bringing the year-to-date sales up 16.2% from the same period last year.

The latest reading is slower than the upward-revised 1.8% growth recorded in October with sales of $638.2 billion and the 18.2% growth recorded the same month last year.

Retail trade sales gained 0.2% from October and climbed 16.1% versus the same month in 2020. Gasoline stations surged 52.3% from 2020, while food services and drinking places jumped 37.4%.

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