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Cars and petrol lead strong US sales

US sales - Broad gains in November
US sales - Broad gains in November

US government figures show that retail spending jumped 1.3% in November, showing broad gains led by cars and electronics.

The Commerce Department report, seen as a key to renewed economic growth, was much stronger than analysts' expectations for a 0.6% rise.

Some special factors pushed up sales, including a 6% rise in petrol sales, a figure affected by higher prices. But electronics sales rose 2.8% and auto sector sales 1.6%.

Excluding volatile vehicle and petrol sales, core retail spending was up 0.6%, a positive sign for the economy in which two-thirds of activity comes from consumer spending.

The report also revised down October retail sales data, but this still showed a healthy 1.1% rise instead of 1.4%.