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CEO NA Magazine > Business > Industry > American retail sales surge

American retail sales surge

in Industry, News
General Motors to lay off 1,300 factory workers
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According to new data from the U.S. Department of Commerce, U.S. retail sales rebounded in November after sales took a tumble in October.

The numbers, which are adjusted for seasonal swings, noted a .3% uptick in retail spending during the month of November.

The increase represents a sharp contrast from analysts’ expectations of a .2% dip for the month. 

Restaurant sales received the most significant increase across all registered industries, growing by a reported 1.6% in November.

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