December 16, 2020

Advance estimates of U.S. retail and food services sales for November 2020 was recorded at $546.5 billion a 1.1% decreased from September 2020. It was noted that the advance estimate for the period under review was adjusted for seasonal variation and holiday and trading-day difference, but not price changes.

Notably, November’s retail sales outturn was 4.1% above November 2019. Total sales for September 2020 through November 2020 period increased 5.2% from the corresponding period a year ago. The September 2020 to October 2020 percent change was revised from up 0.3% to down 0.1%.

Retail trade sales went down merely 0.8% from October 2020, and 7.1% above last year. The United States census also reported that, non-store retailers climbed 29.2% from November 2019, while food services and drinking places were down 17.2% from last year.

Disclaimer:

Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.

Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.