US retail sales increased by 14.8% in November compared to the same period last year! Sporting goods consumption is the highest!

It is learned that according to data from the National Retail Federation (NRF), US retail sales in November increased by 14.8% year-on-year (excluding auto dealers, gas stations and restaurants). Although facing problems such as supply chain shortages and insufficient inventory, consumers are still at a high level of spending.

According to NRF statistics, here are the key categories of U.S. sales data for November:

• Sporting goods stores grew 1.3% on a monthly basis, bringing annual growth to 22.1%

• Grocery and beverage stores grew 1.3% month-over-month, bringing annual growth to 8.0%.

• Building material and garden supply stores increased 0.7% on a monthly basis, bringing annual growth to 12.2%.

• Clothing and clothing accessories stores increased 0.5% on a monthly basis, bringing the annual growth rate to 35.3%

• Furniture and home furnishings stores posted the same monthly growth as in October, with annual growth revised to 18.6%

• Online and other non-store sales rose month-on-month, unchanged from October, bringing annual growth to 15.1%.

• Health and personal care stores fell 0.6% on a monthly basis, with annual growth revised to 9.1%

• Electronics and appliance stores fell 4.6% on the month, but the annual growth was revised up to 17.7%

NRF said that in the first 11 months of this year, US retail sales increased by 14.2% year-on-year, in line with its expectations, so the sales for the whole year will be between 4.44 trillion and 4.56 trillion US dollars, an increase of 10.5% to 13.5% year-on-year.

In addition, NRF predicts that retail sales in November and December 2021 may increase by 11.5% year-on-year, exceeding the previous expectation of 8.5% to 10.5%, and holiday sales in 2021 will break the record high.

Editor ✎ Nicole/

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