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U.S. Government Budget Deficit Surges Unexpectedly
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The Consumer Price Index held steady during November (2.2% y/y)...
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The MBA total Mortgage Applications Index rose 1.6% (-13.2% y/y) during the week ended December 7...
by Tom Moeller August 7, 2007
Chain store sales last week rebounded a strong 1.1% after the 0.2% decline during the prior week, according to the International Council of Shopping Centers (ICSC)-UBS.
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 fell 0.7% (+0.2% y/y) last week and gave back much of a 1.2% rise during the prior week.
Evaluating the Relative Strength of the U.S. Capital Markets from the Federal Reserve Bank of New York is available here.
| ICSC-UBS (SA, 1977=100) | 07/28/07 | 07/21/07 | Y/Y | 2006 | 2005 | 2004 |
|---|---|---|---|---|---|---|
| Total Weekly Chain Store Sales | 486.5 | 481.3 | 3.2% | 3.3% | 3.6% | 4.7% |
