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Economy in Brief
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...
U.K. Retail Sales Fall
U.K. GDP is expected to cool its jets when the first quarter GDP number is released...
by Carol Stone August 23, 2005
Chain store sales fell for a third week, according to the International Council of Shopping Centers (ICSC)-UBS survey. A 0.3% decline in the week ended last Saturday, August 20, followed the prior week's 0.3% decrease. That puts the ICSC sales index in the first three weeks of August back virtually level with its July average, after a strong, but unsustainable jump the last week of that month. The latest week is 4.0% ahead of a year ago.
A more hopeful sign came in the ICSC's leading indicator of chain store sales, which gained 0.5% in the August 13 week, a second consecutive rise, bringing it almost back up to its mid-July level.
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) | 08/20/05 | 08/13/05 | Y/Y | 2004 | 2003 |
---|---|---|---|---|---|
Total Weekly Chain Store Sales | 456.8 | 458.0 | 4.0% | 4.6% | 2.9% |