Friday, December 13, 2019

Retail sales fall short of forecast in the early stages of the holiday season. Poor omen?

MarketWatch
Sales at U.S. retailers rose slightly in November and mostly benefited a few merchants such as auto dealers and internet stores, suggesting the holiday season got off to a sluggish start.

Retail sales edged up 0.2% last month, the government said Friday. Economists polled by MarketWatch had expected a 0.5% increase.

One potential reason sales fell short of Wall Street’s forecast: A late Thanksgiving pushed the first big weekend of holiday spending into December. Cyber Monday took place on Dec. 1.. . . more