Consumer Spending Continues to Rise

Ad Feedback

Retail sales are up for the sixth straight month in a row, hinting that the economy is on a slow, but progressive rebound.

In November, consumers spent more money on cars, furniture and clothes, the Commerce Department said Tuesday.

Holiday shopping was the primary cause of the modest 0.2 percent increase.

Americans spent $52.4 billion over the Thanksgiving holiday weekend, according to the National Retail Federation.

The higher sales in furniture and autos suggested that consumers made more big purchases in November. "Core" sales that don't include autos, gasoline and building materials rose for an 11th straight month.

Although spending gains weren't as big as in October, the department said more spending on retail goods shows the economy continues to grow at a slow, but steady pace.

Log in or create an account to post a comment.  


Are you seeking answers in life? Are you hurting? Are you facing a difficult situation?

Find peace with God, discover more about God or send us your prayer request.

Call The 700 Club Prayer Center at 1 (800) 823-6053, 24 hours a day.

A caring friend will be there to pray with you in your time of need.

CBN News

CBN News is a national/international, nonprofit news organization that provides programming by cable, satellite, and the Internet, 24-hours a day. Follow us on Facebook, Twitter, and Google+.