Retail sales show strength in November

Adjusted November retail sales for "Building material & garden equipment and supplies dealers" (NAICS code 444) increased 1.8% compared with last month and increased 5.3% compared with November 2012, according to the Advance Monthly Retail Trade Survey from the Census Bureau, released Thursday.

The 444 classification retailers hit an estimated $26.4 billion in November, compared to $25.9 billion in October. In November of 2012, the report estimated $25.1 billion for the building material group. Figures are adjusted for seasonal variation and holiday and trading-day differences, but not for price changes.

Overall November sales for U.S. retail and food services sales were $432.3 billion, up 0.7% from the previous month, and up 4.7% from the same month a year ago. The figures beat most economists' forecasts.

Sales at nonstore retailers were up 9.4% from the same month last year.


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