Recent Updates

  • US: GDP by Industry (Q1)
  • Canada: Retail Trade (May), CPI (Jun)
  • Thailand: Trade (Jun); China: Loans from Financial Institutions (Jun); Korea: Trade in Goods (Jun); Taiwan: Export Orders (Jun)
  • Turkey: NCI Index (Jul)
  • Turkey: Established & Liquidated (Jun-Press); Morocco: CPI, Public Finance (Jun)
  • Spain: Workers Affected by Layoffs (Apr); Foreign Trade (May)
  • more updates...

Economy in Brief

Weekly Chain Store Sales Recovered Some
by Tom Moeller December 12, 2006

Last week chain store sales, according to the International Council of Shopping Centers (ICSC)-UBS, recovered about a third of the prior period's collapse with a 1.0% rise. So far in December sales are 2.0% below the November average which advanced 0.3% from October.

During the last ten years there has been a 45% correlation between the y/y change in chain store sales and the change in nonauto retail sales less gasoline.

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.

The leading indicator of chain store sales from ICSC-UBS advanced for the fourth week in the last five. The 0.7% increase (0.7% y/y) pulled the measure up 3.5% from the May low.

Survey Says Families are Digging Deeper Into Debt from the Federal Reserve Bank of St. Louis can be found here.

ICSC-UBS (SA, 1977=100) 12/09/06 12/02/06 Y/Y 2005 2004 2003
Total Weekly Chain Store Sales 458.8 454.4 3.2% 3.6% 4.7% 2.9%
close
large image