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Black Friday spending surprised to the upside despite a softening macro backdrop

December 11, 2023 |Carrie Freestone

Retail sales ticked up in November in the midst of the holiday shopping period. Even after adjusting for inflation, real retail sales (excluding autos) were tracking an increase relative to October. Clothing stores and gasoline were responsible for the...

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Black Friday spending surprised to the upside despite a softening macro backdrop

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