November marked a pivotal turn in consumer sentiment, which surged by 13%, erasing four consecutive months of decline. The increase was primarily fueled by optimism surrounding U.S. inflation improvements and sets a promising stage for retailers approaching the year's end. With Gross Domestic Product (GDP) up 5.2% in Q3, propelled notably by heightened consumer spending, and unemployment persisting below 4%, the rise in retail sales—5.2% higher than the previous year—could be a prelude to a strong finish in holiday shopping.
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