Retail Sales Up 0.6% In November, Higher Than Expected [Seeking Alpha]
Amplify Online Retail ETF (IBUY)
US:NASDAQ Investor Relations:
amplifyetfs.com/ibuy-online-retail-etf
Company Research
Source: Seeking Alpha
Headline sales were up 0.6%, up from -0.1% pullback in October and above the projected 0.5% growth. Current retail sales are up 3.3% compared to one year ago. Smile/DigitalVision via Getty Images By Jennifer Nash November's Advance Retail Sales Report from the Census Bureau showed a pickup in consumer spending. Headline sales were up 0.6%, up from -0.1% pullback in October and above the projected 0.5% growth. This article was written by Quick Insights Headline retail sales rose 0.6%, exceeding the projected 0.5% growth and reversing October's 0.1% decline. Control purchases, a more stable economic indicator, increased 0.3% in November—below expectations—but showed a robust 5.1% year-over-year gain. Sustained retail sales momentum may influence SPDR S&P Retail ETF (XRT), VanEck Retail ETF (RTH), Amplify Online Retail ETF (IBUY), and ProShares Online Retail ETF (ONLN). Recommended For You
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