US retail sales increased 0.6% MoM (vs 0.4% MoM expected) in November after a -0.1% MoM decline in October (revised down from advance estimate of 0.0% MoM).

• Retail sales (ex autos) increased 0.5% MoM (vs 0.4% MoM expected), and sales (ex autos and gas) were up 0.6% MoM.
• Almost every segment saw gains in November, led by sporting goods & hobby stores (+1.9% MoM), gas stations (+1.4% MoM), and building materials & supplies stores (+1.3% MoM).
• Motor vehicle & parts sales were up 1.0% MoM but down -0.7% YoY.
• Solid growth from the larger non-store (0.4% MoM) and food services & drinking places (+0.6% MoM) segments helped boost the headline growth rate.