Recent Updates

  • US: Composite Indexes (Sep)
  • Canada Regional: Employment Insurance by Province (Aug)
  • Canada: Employment Insurance (Aug)
  • US: Philadelphia FRB Mfg Business Outlook Survey (Oct)
  • South Africa: Wholesale & Motor Trade Sales, Mining Production and Sales, Building Plans Passed & Buildings Completed (Aug); Angola: CPI (Sep); Egypt: Suez Canal (Sep-Prelim); Morocco: Public Finance (Sep); Turkey: IIP (Aug); Algeria: PPI, IP (Q2)
  • Portugal: Trade in Services (Aug)
  • more updates...

Economy in Brief

Chain Store Sales Dipped
by Tom Moeller February 23, 2005

Chain store sales dipped 0.1% last week and reversed the prior week's up tick according to the International Council of Shopping Centers (ICSC)-UBS survey.

Sales in February are 0.7% ahead of the January average which rose 0.9% from December.

During the last ten years there has been a 58% correlation between y/y change in chain store sales and the change in non-auto retail sales less gasoline, as published by the US Census Department.

The leading indicator of chain store sales from ICSC fell 0.2 in the latest week (+0.5% y/y).

The ICSC-UBS retail chain-store sales index is constructed using the same-store sales (stores open for one year) reported by 78 stores of seven retailers: Dayton Hudson, Federated, Kmart, May, J.C. Penney, Sears and Wal-Mart.

ICSC-UBS (SA, 1977=100) 02/19/05 02/12/05 Y/Y 2004 2003 2002
Total Weekly Chain Store Sales 445.6 446.2 1.8% 4.6% 2.9% 3.6%
close
large image