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Retail sales edge up in Nov. as consumers buy more online

A customer made a purchase at a Times Square Toys “R” Us last month. Retail sales rose 0.3 percent in November from October, reversing the previous month’s decline.

John Minchillo/Associated Press

A customer made a purchase at a Times Square Toys “R” Us last month. Retail sales rose 0.3 percent in November from October, reversing the previous month’s decline.

WASHINGTON — US consumers shook off Hurricane Sandy last month and stepped up holiday shopping, helped by a steady job market and lower gas prices.

Retail sales rose 0.3 percent in November from October, reversing the previous month’s decline. Sales increased mostly because Americans spent more online, bought more electronics, and began to replace cars and rebuild after the storm.

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And a sharp drop in gas prices lowered the overall increase. Excluding gas stations, retail sales rose a solid 0.8 percent, according to a Commerce Department report on Thursday.

Still, department store sales tumbled. And consumer confidence has slipped in recent weeks, which has raised concerns that some Americans may be growing worried about looming tax increases. That could dampen December sales. Many retailers depend on the two months of holiday shopping for roughly 40 percent of their annual revenue.

High unemployment and weak wage growth have kept consumers cautious about spending, which accounts for 70 percent of economic growth. Most economists expect just slim gains in consumer spending in the final three months of the year.

‘‘Despite the positive numbers today . . . we are not in a consumer-led recovery,’’ said Chris Christopher, an economist at IHS Global Insight.

A Labor Department report suggested the job market is improving, which could set the stage for more spending next year.

Applications for unemployment benefits, which are a proxy for layoffs, fell by 29,000 last week to a seasonally adjusted 343,000. That’s the second-lowest total this year.

The drop indicates companies are cutting fewer jobs and not yet panicking about the fiscal cliff. That’s the combination of tax increases and spending cuts set to take effect next month if President Obama and Congress fail to reach a budget deal before then.

Consumers are also seeing relief at the gas pump, which leaves them more disposable income. Gas prices have fallen almost 50 cents over the past two months, to a US average of $3.30 a gallon, AAA said.

And a third report suggested those declines will continue. Wholesale gas prices fell 10.1 percent in November, the Labor Department said. That’s the most in more than three years.

Economists saw mixed signals for the holiday shopping season in the latest retail sales data. Online and catalog shopping surged 3 percent, the biggest gain in 13 months. But department store sales fell 0.8 percent. And Americans spent less at stores like Walmart.

And a survey last week found Americans’ confidence is weakening. Many are starting to worry about the fiscal cliff. Economists say that if those tax increases and spending cuts are not averted, the economy would slip into recession.

‘‘With consumer confidence now falling, hopes that retailers would enjoy a robust holiday shopping season are fading,’’ said Paul Dales, an economist at Capital Economics.

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