Resilient US Economy Sees Strong Holiday Spending and Retail Sales Growth
TL;DR Summary
Despite downbeat attitudes in polls, retail sales in the US rose by 0.3% in November, surpassing economists' expectations of a 0.1% decline. The strong job market and savings accumulated during the pandemic have provided Americans with the means to continue shopping during the holiday season.
- Americans Are Spending on the Holidays After All The Wall Street Journal
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- US economy still resilient as retail sales beat expectations, layoffs stay low Reuters
- Online shopping drove retail sales growth in 2023 Marketplace
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