U.S. retail sales rose 0.3 percent in November
WASHINGTON — Americans spent more on autos, electronics and building supplies in November, and shopped more frequently online. The data suggests the economy is rebounding from disruptions caused by Superstorm Sandy.
The Commerce Department says retail sales rose 0.3 percent in November, offsetting a 0.3 percent decline in October. When excluding gas station sales, retail sales increased 0.8 percent. The drop in gas station sales reflected lower prices.
The gains were widespread except at department stores, where sales dropped. That's a troubling development at the start of holiday shopping.
Still, sales at nonstore retailers, which include online shopping, rose 3 percent. That's the biggest monthly gain in 13 months.
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