US retail sales are decelerating with a further dip likely to come ahead - CIBC ...Middle East

Retail sales surprised to the upside in November but CIBC warns that there are signs of deceleration that should mount in the months ahead.The CIBC report on US November advance retail sales highlights a modest increase, signaling a positive start to the holiday shopping season. Retail sales rose by 0.3%, beating expectations of a 0.1% drop. This improvement was somewhat offset by a downward revision of the previous month's figures, especially for the control group where the -0.2 pp downward revision erased the +0.2 pp beat.They noted impressive months from sporting goods, clothing and furniture but warned it could simply be a reflection of weakness last month."Looking at the total retail sa

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