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Economy in Brief
U.S. Housing Affordability Declines Further in June
The NAR Fixed Rate Mortgage Housing Affordability Index fell 3.6% in June...
EMU Output Makes Solid Gain in June
The European Monetary Union posted a 0.7% increase for industrial output in June...
U.S. Producer Prices Fall During July; Core Increase Weakens
The Producer Price Index for Final Demand fell 0.5% during July...
U.S. Unemployment Claims Continue on an Uptrend
Initial claims for unemployment insurance filed in the week ended August 6 rose 14,000 to 262,000...
RICS Survey Points to More U.K. Housing Sector Weakness
The survey of housing market conditions in the U.K. continues to show strength in prices versus weakness...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
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% |