Retail Sales Leap 1.3% in November - Cleveland 19 News Cleveland, OH

Retail Sales Leap 1.3% in November

NEW YORK (CNNMoney.com) -- Retail sales jumped 1.3% in November, according to the Commerce Department, well more than the expected increase.

Economists had expected retail sales to rise 0.6% in the month of November, according to a consensus of forecasts compiled by Briefing.com.

This is slightly less than the October increase, when retail sales jumped 1.4%.

Automobile sales had little to do with the November's gains. Without including autos, retail sales rose 1.2% last month.

A consensus of economists had projected ex-auto sales to rise 0.4% in November, compared to October, when ex-auto sales notched up 0.2%.

November sales included Black Friday, the post-Thanksgiving shopping spree that is generally one of the hottest days of the year for retail. But this year's Black Friday disappointed retailers, with sales rising an anemic 0.5%, falling short of Thomson Reuters' forecast of a 2.1% rise.

Also today, at 9:55 a.m. ET, the University of Michigan will release its preliminary consumer sentiment index for November. The November index is expected to rise to 68.8, according to a Briefing.com consensus, from the prior month's index of 67.4.

The-CNN-Wire/Atlanta

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