Recent Updates
- EMERGEMA Lesotho: CPI (Oct-Prelim)
- Bulgaria: Analytical Reporting of Other MFIs, Loans (Oct)
- Romania: Central Bank Balance Sheet, MFI Loans, Deposits (Oct)
- Serbia: Bank Claims, Corporate and HH Sector Deposits, Central Bank Balance Sheet, Money Supply (Oct)
- more updates...
Economy in Brief
PMIs Bend lower in EMU on Covid-19 Actions
Economies in Europe, the U.K., and even Japan are being beaten back by the Covid-19 virus...
FIBER: Industrial Commodity Prices Show Widespread Strength
The FIBER Industrial Materials Price Index increased 3.1% (7.7% y/y) during the last four weeks...
U.K. Retail Sales Rebound Strongly
U.K. retail sales have rebounded strongly in October, rising by 1.4%...
U.S. Existing Home Sales & Prices Strengthen During October
The National Association of Realtors (NAR) reported that sales of existing homes increased 4.3% (26.6% y/y) in October...
E-Commerce Sales Slip in Q3'20
During the third quarter of this year, retail sales via the internet (E-Commerce) eased 1.0%...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
Unique Recession & Unusual Policies Create Uncertain Economic Outlook
State Labor Markets in October
Something Missing: Federal Income Taxes Are Missing the Rebound in Jobs & Income
A Vaccine Game Changer And What It Might Mean
Are Investors Prepared For A "Watershed" Election Outcome & A Rebirth of Federal Activism?
by Tom Moeller March 8, 2005
Chain store sales fell 0.4% last week. The slip followed a 1.5% surge the week prior according to the International Council of Shopping Centers (ICSC)-UBS survey.
Sales began March 0.7% ahead of the February average which rose 1.0% from January.
During the last ten years there has been a 59% 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 was unchanged in the latest week (0.0% y/y), ending a six week stretch of erratic and mostly sideways movement. The indicator's February average rose 0.4% following a 0.6% January decline.
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) | 03/05/05 | 02/26/05 | Y/Y | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|
| Total Weekly Chain Store Sales | 450.8 | 452.5 | 3.3% | 4.6% | 2.9% | 3.6% |
