Recent Updates

  • Germany: **Wholesale Trade Prices rebased from 2010=100 to 2015=100**
  • US: S&P Case Shiller Home Price Indexes (Jul); FHFA House Price Indexes (Jul); Consumer Confidence (Sep)
  • US: FRB Philadelphia Nonmfg Business Outlook Survey (Sep); FRB Richmond Mfg & Service Sector Surveys (Sep); Texas Service Sector Outlook Survey (Sep)
  • US: Consumer Confidence Detail (Sep)
  • Canada Regional: Quebec Economic Accounts (Q2), Quebec GDP by Industry (Jun)
  • Spain: International Trade (Jul), PPI (Aug), BOP (Q2)
  • more updates...

Economy in Brief

Weekly Chain Store Sales Rose
by Tom Moeller September 11, 2007

The International Council of Shopping Centers (ICSC)-UBS reported that chain store sales rose another 0.3% last week, about the same gain as during the prior three weeks.

The average level of chain store sales in the first week of August was roughly equal to the July average.

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 rose 0.7% is up a small 0.9% y/y.

ICSC-UBS (SA, 1977=100) 09/08/07 09/01/07 Y/Y 2006 2005 2004
Total Weekly Chain Store Sales 485.6 484.3 2.9% 3.3% 3.6% 4.7%
large image