US retail sales rose 0.3% during November, offsetting the 0.3% decline recorded the month before as shoppers kicked off their holiday spending.

On a year-on-year basis, retail sales were up 3.7%, according to figures released by the Department of Commerce.

Clothing and accessories stores recorded a 0.9% month-on-month gain, rising 6.4% against November last year.

Meanwhile, general merchandise retailers saw a 1.4% gain compared to October, and a 6.7% increase when compared to November last year. Sporting goods stores, which also include music and book stores, saw sales rise 0.5% compared to October, but were down 2.7% on the same month last year.

The National Retail Federation attributed the gains to eager holiday shoppers.

"A successful Thanksgiving weekend for retailers and diminishing impacts in the Northeast due to Hurricane Sandy put retail sales back on track in November after tepid results in October," said NRF president and CEO Matthew Shay.

"Though negotiations in Washington over the fiscal cliff could effect consumer confidence and spending in December, overall we are optimistic they we'll see solid sales growth this holiday season."

NRF chief economist Jack Kleinhenz said that stable employment rates, lower gasoline prices and a recovering housing market have all contributed to a holiday shopping season that is on target to meet the group's original expectations.

"American consumers are expected to spend cautiously as they monitor the situation in Washington and wrap up their holiday shopping lists."