New data from the CNBC and National Retail Federation Retail Monitor indicates that retail sales posted solid growth in November, signaling a steady start to the holiday shopping season. The results suggest overall spending remains on pace with national forecasts for the remainder of the year.
Total retail sales excluding auto dealers and gas stations increased slightly compared to October and rose more than four percent compared to the same period last year. Core retail sales, which also exclude restaurants, were essentially flat from the prior month but showed similar year over year growth.
The data reflects consumers who are spending with intention and paying close attention to value. Retailers are responding by offering a range of competitively priced options designed to meet different household budgets. This balance between cautious consumer behavior and strategic pricing appears to be supporting consistent sales activity during the early holiday period.
Overall, the November figures point to a stable retail environment as the season continues, reinforcing expectations for moderate but meaningful growth through the end of the year.
