Data released moments ago by the US Census Bureau shows that US retail sales rose in November at a pace exceeding market expectations, reaching $735.9 billion. This follows a revised 0.6% decline in October (expectations were for a 0.5% drop), and represents a 3.3% year-over-year increase compared to November 2024.

Core sales, excluding autos, rose 0.5% in November, compared to a revised 0.2% increase in October. Non-store sales jumped 7.2%, while sales at food and beverage establishments rose 4.9%.