November Retail Sales Hit 11-Month Highs, Signal Strong Holiday Demand
November Retail Sales Hit 11-Month Highs, Signal Strong Holiday Demand
On a year-over-year basis, retail sales grew by a remarkable 3.8%, the highest since December 2023, up from the upwardly revised 2.9% in October.U.S. retail sales exceeded expectations in November, highlighting consumers' continued resilience in spending as the holiday season began.
美国11月零售销售超出预期，突显了消费者在假日季节开始时继续保持的消费韧性。
Retail and food services sales rose to $724.6 billion in November, a 0.7% increase from October, according to seasonally adjusted advance estimates released Tuesday.
根据周二发布的季节性调整的初步估计，11月零售和食品服务销售额达到7246亿美元，比10月份增长了0.7%。
The monthly growth outpaced market expectations of a 0.5% rise, based on consensus estimates from TradingEconomics.
与市场预期的0.5%增长相比，月度增长超过了这一预期，这一预期基于TradingEconomics的共识估计。
Auto Sales Rocket
汽车销售激增
On a year-over-year basis, retail sales grew by a remarkable 3.8%, the highest since December 2023, up from the upwardly revised 2.9% in October.
与去年同期相比，零售销售增长了显著的3.8%，为2023年12月以来的最高水平，高于修正后的10月份的2.9%。
Excluding motor vehicles and parts, retail sales advanced by 0.2% month-over-month, holding steady from October but missing expectations of 0.4%. When stripping out gasoline, motor vehicles, and parts, sales also rose by 0.2% in November, steady from October and below the expected 0.4%.
不包括汽车及其零部件，零售销售环比增长0.2%，与10月保持稳定，但低于预期的0.4%。如果剔除汽油、汽车及零部件，11月销售也环比增长0.2%，与10月持平，低于预期的0.4%。
Within spending categories, motor vehicle and parts recorded the largest monthly gain, with sales increasing 2.6% month-over-month and 6.5% year-over-year.
在消费类别中，汽车及零部件录得最大的月度增幅，销售环比增长2.6%，同比增长6.5%。
Other increases were found in nonstore retailers, up 1.8% month-over-month and sporting goods, hobby, musical instrument, and book stores, up 0.9% on the month.
其他分类中，非商店零售商的销售环比增长1.8%，体育用品、爱好、乐器和书籍商店的销售环比增长0.9%。
On the other hand, miscellaneous store retailers registered the steepest monthly decline, with sales contracting 3.5%, followed by food services and drinking places, which saw sales fall 0.4%.
另一方面，杂货店零售商的销售出现了最陡的月度下降，销售额收缩了3.5%，其次是食品服务和饮品场所，销售下降了0.4%。
Market Reactions
市场反应
The U.S. dollar index (DXY) which is tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP) strengthened by 0.2%, following the data.
美国美元指数（DXY）在景顺Db美元指数看好基金可交易ETF（纽交所：UUP）的跟踪下，因数据发布上涨了0.2%。
Treasury yields ticked higher, with the 10-year benchmark up by 2 basis points to 4.42%.
国债收益率略有上升，10年期基准上升2个基点至4.42%。
Futures on major U.S. equity indices edged lower in Tuesday's premarket trading, with S&P 500 contracts down 0.4% and the tech-heavy Nasdaq 100 slipping 0.5%.
主要美国股指的期货在星期二的盘前交易中略微下跌，S&P 500合约下跌0.4%，以科技股为主的Nasdaq 100下滑0.5%。
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Photo: Shutterstock
Photo: shutterstock
