Recent Updates

  • Korea: Import & Export Price Indexes (May)
  • Spain: *SPAIN SPPI REBASED FROM 2010=100 TO 2015=100
  • Spain: Services Price Indexes (Q1)
  • Germany: State CPI: Saxony-Anhalt (May-Press)
  • UK: LSL ACAD House Price Indexes, Visa Expenditure Index (May)
  • Sweden: Securities Statistics (May); Finland: Government Finance (May); Iceland: HICP (May)
  • Turkey: Labor Force Survey, Employment by Industry (Mar), Retail Sales (Apr); South Africa: Tourism and Migration (Apr)
  • more updates...

Economy in Brief

Weekly U.S. Chain Store Sales Remained Low
by Tom Moeller October 2, 2007

The International Council of Shopping Centers (ICSC)-UBS reported that chain store sales showed no change last week from the prior period. That followed declines of roughly 1.0% during each of the prior two consecutive weeks.

The latest reading left the average level of chain store sales during September down 0.8% versus the August average. That average had risen 0.1% from July.

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 0.4% (0.8% y/y) after a 0.2% decline during the prior week.

The U.S. Consumption Boom and Trade Deficit from the Federal Reserve Bank of St. Louis is available here.

ICSC-UBS (SA, 1977=100) 09/29/07 09/22/07 Y/Y 2006 2005 2004
Total Weekly Chain Store Sales 475.5 4475.5 2.7% 3.3% 3.6% 4.7%
large image