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*DJ US Nov Retail & Food Sales +1.0%; Consensus +0.2%

12/13/2006
Dow Jones News Services
(Copyright © 2006 Dow Jones & Company, Inc.)



(MORE TO FOLLOW) Dow Jones Newswires

12-13-06 0830ET

Copyright (c) 2006 Dow Jones & Company, Inc.

*DJ US Nov Retail & Food Sales Ex-Autos +1.1%



(MORE TO FOLLOW) Dow Jones Newswires

12-13-06 0830ET

Copyright (c) 2006 Dow Jones & Company, Inc.

*DJ Oct Retail & Food Sales Revised To -0.1% From -0.4%



(MORE TO FOLLOW) Dow Jones Newswires

12-13-06 0830ET

Copyright (c) 2006 Dow Jones & Company, Inc.

=DJ DATA SNAP: US Nov Retail Sales Climb Above Expectations


=====================================================
US Retail Sales Nov Oct ! Consensus: !
Overall: +1.0% -0.1%r ! +0.2% !
Ex-Autos: +1.1% -0.3%r ! Actual: !
! +1.0% !
=====================================================

By Jeff Bater
Of DOW JONES NEWSWIRES

WASHINGTON (Dow Jones)--Retail sales unexpectedly surged during November as shoppers flocked to the malls and went online for holiday gifts, providing a fourth-quarter boost to the slowing economy.

Sales advanced by a seasonally adjusted 1.0%, the Commerce Department said Wednesday. October sales decreased by 0.1%, revised from a previously reported 0.4% decline.

Wall Street expected a gain - but not a big one. The median estimate of 25 economists surveyed by Dow Jones Newswires had overall retail sales rising just 0.2% in November.

The retail sales report is a window to how Americans part with their money. And consumer spending is a pivotal part of the equation used to figure out how the economy is faring. Spending makes up about 70% of gross domestic product.

GDP rose 2.2% in the third quarter, slower than the second-quarter's 2.6% growth. Weighing on the economy are the housing slump and weakness in manufacturing.

But auto and parts retail sales increased 0.9% in November, after advancing 1.0% in October. Outside the auto sector, all other retail sales climbed 1.1%. Economists expected a 0.3% increase. Sales excluding autos were 0.3% lower in October.

Gas station sales increased 2.3% last month after falling by 5.3% in October. Stripping away sales at gas stations, demand at all other retailers was up 0.9% in November.

Excluding both autos and gasoline, all other retail sales increased 0.9% in November.

Sales rose 0.9% at health and personal care stores; 0.7% at restaurants and bars; 0.9% at food and beverage stores; 4.6% at electronics and appliance stores; 1.8% at building material and garden stores; 0.4% at general merchandise stores; 1.3% at mail order and Internet retailers; and 0.8% at sporting goods, hobby and book stores.

Sales fell 0.1% at furniture stores and were flat at clothing stores.
 
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