Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Economic Watch: Retail Sales Jump the Most in Five Months

The 0.7% gain from the month before comes as figures for October were upwardly revised from an earlier reported 0.4% jump to a 0.6% increase. Year-over-year retail sales are up 4.7%.

Evan Lockridge
Evan LockridgeFormer Business Contributing Editor
December 12, 2013
Economic Watch: Retail Sales Jump the Most in Five Months

Photo: Evan Lockridge

2 min to read


Retail sales in the U.S. increased in November by the most in five months, according to the U.S. Commerce Department.

Ad Loading...
Photo: Evan Lockridge

The 0.7% gain from the month before comes as figures for October were upwardly revised from an earlier reported 0.4% jump to a 0.6% increase. Year-over-year retail sales are up 4.7%.

Ad Loading...

The hike was broad based, but was helped by a 1.8% surge in new auto sales. When auto sales are removed, retail sales for November increased 0.4%. Other sectors seeing big gains are sales of furniture, moving up 1.2% and sales of electronics and appliances, picking up 1.1%. Online and catalog sales posted its biggest hike in nearly a year and a half, adding 2.2%.

The November report includes the all important “Black Friday” shopping day after Thanksgiving, but not “Cyber Monday” on Dec. 2.

“A better-than-expected November retail sales report, in part because so many were bracing for modest disappointment which lowered the bar of expectations,” said Lindsey Piegza, chief economist for the investment firm Sterne Agee. “We continue to see consumers dramatically shift the goods in their basket from month to month, rather than simultaneous strength across all categories. Last month it was apparel, electronics and miscellaneous sales, this month its building materials and non-store retailer purchases.”

She notes on an annual basis the consumer still appears to be losing momentum with growth falling from a peak of near 9% in 2011 and remaining stagnant for the past two years at an average of under 5%, however temporary reprieve from pump prices, and a lingering wealth effect from rising home prices and record-high equity markets have helped support consumer confidence and consumer spending.

“Going forward, however, temporary factors can only do so much,” Piegza says. “Consumers will need sustained job creation and income growth, which unfortunately do not go hand in hand.

Ad Loading...

Consumer spending is a closely watched indicator about the overall health of the American economy because it drives nearly 70% of all economy activity.

More Fleet Management

Trucker Path, Truckstop.com partnership expands.
Fleet Managementby News/Media ReleaseApril 14, 2026

Trucker Path, Truckstop.com Expand Load Access Partnership

An expanded Trucker Path and Truckstop.com integration brings more freight opportunities into the TruckLoads app while emphasizing security and network quality.

Read More →
DAT TVI March 2026.
Fleet Managementby News/Media ReleaseApril 14, 2026

Truckload Rates Hit Two-Year Highs as Diesel Costs Surge, DAT Says

Strong March freight demand combined with a spike in fuel costs pushed both spot and contract truckload rates to their highest levels in more than two years.

Read More →
Cloud computing concept background with human and robot hands concept
Fleet ManagementApril 14, 2026

The AI Conversation You Need to Have with Your TMS Provider

Everyone’s talking about AI — but is your transportation management system actually built for it?

Read More →
Ad Loading...
Sharp Transportation tractor-trailer
Fleet Managementby News/Media ReleaseApril 14, 2026

Kriska Buys Fellow Canadian Carrier Sharp Transportation Systems

Being part of KTG will allow Sharp to expand and improve its services.

Read More →
Illustration with stacks of money and a shattered car windshield
Fleet Managementby Deborah LockridgeApril 13, 2026

Bill in House Would Raise Minimum Insurance for Motor Carriers to $5 Million

The Fair Compensation for Truck Crash Victims Act would increase insurance requirements for interstate motor carriers by nearly seven times.

Read More →
FTR market report for February 2026.
Fleet Managementby News/Media ReleaseApril 10, 2026

FTR Trucking Conditions Index Hits Four-Year High in February

Strong freight rates push TCI to 10.2, but FTR expects fuel-price volatility to skew March results.

Read More →
Ad Loading...
C.H. Robinson intermodal.

C.H. Robinson Offers Carriers Relief as Diesel Prices Surge

C.H. Robinson is waiving fees on fuel cards and cash advances for April and May, aiming to help carriers offset rising diesel costs tied to geopolitical instability.

Read More →
Fleet Managementby StaffApril 8, 2026

What Trucking Events are Happening in 2026?

Looking for trucking-related conventions, expos, and other events? Heavy Duty Trucking has developed this list of national and larger regional trucking shows and events.

Read More →
Peter Voorhoeve, president, Volvo Trucks North America.
Fleet Managementby Jack RobertsApril 6, 2026

Volvo’s Quiet Confidence Turns into a Full-Throated Bet on the Future

After years of steady, methodical progress, Peter Voorhoeve says the OEM’s latest lineup isn’t just evolutionary. It’s delivering real, measurable gains for fleets right now.

Read More →
Ad Loading...
Beyond Trucks Rate Agent TMS.
Fleet Managementby Jack RobertsApril 2, 2026

BeyondTrucks Targets Rate Complexity with New AI RateAgents

BeyondTrucks says its new RateAgents can turn plain-language rate logic into working code, starting with fuel surcharges — a critical but notoriously complex piece of carrier revenue.

Read More →