U.S. retail sales likely to have grown in November

The U.S. retail sales data for the month of November is set to release later today. According to a TD Economics research report, the retail sales are expected to have grown 0.3 percent in the month, greatly matching last month’s print, on the back of a moderate rise in the control group.

“A 1 percent gain in auto sales and further gains in sales at gasoline stations should also boost headline growth during the month. All in, data published so far in Q4 suggests a moderate pare back in household spending”, added TD Economics.