US retail sales rose 4.53 per cent YoY and 0.12 per cent MoM in November, marking a slowdown from October but keeping holiday spending on track with NRF forecasts, according to CNBC/NRF Retail Monitor.
Core sales dipped slightly MoM but remained solid annually.
Most categories posted YoY growth, led by clothing and sporting goods, while consumers remained value-focused amid cautious holiday spending.