---
title: "New York Times: U.S. Retail Sales, Industrial Output Data Point to Slowing Growth"
url: https://burnaze.com/article/5819c84b-6024-41ba-83ed-c3aa9ab5bd4f
source: "1851 Franchise"
original_url: https://1851franchise.com/new-york-times-us-retail-sales-industrial-output-data-point-to-slowing-growth-8566
category: "Specialty retail"
industry: "Retail"
segment: "Specialty retail"
published: 2016-12-14T18:13:01.000Z
modified: 2026-11-01T02:35:42.732Z
image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/1a36018183ffe3a9323ff519ca4e25595198.jpg
---

# New York Times: U.S. Retail Sales, Industrial Output Data Point to Slowing Growth

**TL;DR:** November saw a decrease in industrial production and an insignificant rise in retail sales. The Federal Reserve is expected to raise interest rates despite weak retail sales and industrial output readings.

*originally published in 1851 Franchise on 2016-12-14. [Read the original](https://1851franchise.com/new-york-times-us-retail-sales-industrial-output-data-point-to-slowing-growth-8566).*

## Story

November saw a decrease in industrial production and an insignificant rise in retail sales, reports the New York Times. Retail sales moderated after two months of strong increases, as income and household wealth were rising at record highs. “The weak retail sales and industrial output readings reported on Wednesday, however, were unlikely to deter the Federal Reserve from raising interest rates later in the day, against the backdrop of steadily rising inflation and a tightening labour market,” wrote the Times.

"Consumer spending remains the main engine of growth for the economy," Harm Bandholz, chief U.S. economist at UniCredit Research in New York, told New York Times. "Solid employment growth and accelerating wage gains will continue to support household spending, a dynamic that should allow the Fed to raise rates today and encourage them to signal a couple of rate hikes next year."

## Entities

- 1851 Franchise (publication)
- Retail (sector)
- economic growth (topic)
- Federal Reserve (regulator)
- retail sales (topic)
- interest rates (topic)
- industrial output (topic)

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Originally reported by 1851 Franchise (https://1851franchise.com/new-york-times-us-retail-sales-industrial-output-data-point-to-slowing-growth-8566). Summarized by Burnaze (https://burnaze.com/article/5819c84b-6024-41ba-83ed-c3aa9ab5bd4f).