U.S. retail sales rose 0.1% in November, and were up 0.2% ex-autos, significantly weaker than expected. And the 0.8% October headline jump was revised down to 0.6%. The 0.8% ex-auto increase was bumped to 0.6% as well, while the 0.7% September increase was nudged up to 0.8. Sales excluding autos, gas, and building materials (which feed into GDP calculations) rose 0.2% versus 0.5% previously (revised down from 0.6%). Auto sales declined 0.5% after a 0.5% October gain (revised from 1.1%). Gas station sales edged up 0.3% after solid 2.5% October gain (revised from 2.2%). Furniture sales increased 0.7%, with building materials up 0.3%. Electronics inched up 0.1%. Food and beverage sales were up 0.4%. Sporting goods sales dropped 1.0%, while miscellaneous sales were down 0.8%.
The dollar slipped after the big miss in retail sales, though the firmer PPI outcome offset to a degree. EUR-USD edged up to 1.0645 from 1.0635, as USD-JPY fell from near 115.00 to 114.83 lows and cable spiked to 1.2707 before slipping back to 1.2690.
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