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November retail sales show the holidays mean heavy promotions this year

December 16, 2022

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November was a mixed month for retail, according to the latest numbers from the U.S. government. Consumers spent more than some observers expected, and retail sales among the sectors followed by Retail Dive rose 4.5%.

Though inflation looks to be easing, with gas prices notably down lately, it nevertheless made its mark in the period. Not only are high prices on essentials still squeezing household budgets, but its effect also meant that sales volumes in November were actually down by 0.8%, according to GlobalData research.

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