Recent Updates
- Japan: ** Japan's consumption activity index rebased from 2010=100 to 2011=100.**
- US: Existing Home Sales Detail (Mar)
- UAE: CPI (Mar), Dubai GDP (Q4); Lebanon: CPI (Mar); Israel: PMI (Mar), Quantity of New Dwellings Demanded (Feb); Palestine: Public Debt (Mar-Prelim); Saudi Arabia: Real Estate Price Index (Q1)
- Canada: Wholesale Trade (Feb)
- US: Chicago Fed National Activity Index (Mar)
- more updates...
Economy in Brief
FIBER: Industrial Commodity Prices Strengthen Selectively
The FIBER Industrial Materials Price Index increased 0.4% during the last four weeks...
German PPI Accelerates
The German year-on-year PPI has generally been decelerating since early 2017...
U.S. Leading Economic Indicators Signal Continued Expansion
The Conference Board's Composite Index of Leading Economic Indicators increased 0.3% during March...
Philadelphia Fed Factory Conditions Improve; Prices Jump
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index rose to 23.2 during April...
U.S. Initial Claims for Unemployment Insurance Are Little Changed
Initial unemployment insurance claims slipped to 232,000 (-6.1% y/y) during the week ended April 14...
by Tom Moeller June 14, 2005
Chain store sales increased 0.6% last week and added to the 0.4% gain during the opening week of June according to the International Council of Shopping Centers (ICSC)-UBS survey. The increases left sales so far in June 0.5% below the May average which rose 0.3% versus April.
During the last ten years there has been a 56% correlation between the y/y change in chain store sales and the change in non-auto retail sales less gasoline, as published by the US Census Department. Chain store sales correspond directly with roughly 14% of non-auto retail sales less gasoline.
The leading indicator of chain store sales from ICSC jumped 0.9% w/w (+2.2% y/y), the strongest gain in a year.
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) | 06/11/05 | 06/04/05 | Y/Y | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|
| Total Weekly Chain Store Sales | 452.9 | 451.2 | 3.3% | 4.6% | 2.9% | 3.6% |
