The disappointing increase in retail sales in November suggests that the start of the holiday shopping season was not half as strong as retailers’ spectacular Black Friday sales reports suggested. Nonetheless, real annualised consumption growth in the fourth quarter will probably still at least match the third quarter’s 2.3%.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services