Advance Monthly Sales for Retail and Food Services, November Report.
First up should be the revisions...
Note the -0.2% downward revision in October's numbers and as always, remember this data is NOT inflation adjusted. Now onto the current report...
Advance estimates of U.S. retail and food services sales for November 2023, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $705.7 billion, up 0.3 percent (±0.5 percent)* from the previous month, and up 4.1 percent (±0.7 percent) above November 2022.
The inflation adjusted chart looks like this...
It is hard to capture from the graph, but "Real" sales are advancing very slowly since January, although still below 2022 average levels. Year over year, up +0.8% inflation adjusted, with the month being up +0.5% after inflation adjustements.
So it can be called a win.
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