Recent Updates
- Belgium: Business Surveys (Sep)
- Canada Regional: Wholesale Trade by Province (Jul)
- US: FRB Chicago National Activity Index (Aug)
- Canada: Wholesale Trade (Jul)
- Mauritius: IP (Q2); Turkey: Business Tendency Survey (Sep), Capacity Utilization Rates (Sep)
- UK: CBI Industrial Trends Survey (Sep)
- Slovenia: Confidence Indicators, Business Tendency in Construction (Sep); Croatia: Construction Work
- more updates...
Economy in Brief
EMU Sinks on New Flash PMI Readings
The EMU PMI sank to its cyclical low in mid-2016 then hit its cycle higher in 2018...
U.S. Financial Accounts See Borrowing Ease with Downswing in Federal Government Needs
Borrowing in U.S. financial markets slowed in Q2 2018...
U.S. Leading Economic Indicators Increase
The Conference Board's Composite Index of Leading Economic Indicators increased 0.4% (6.4% y/y)...
U.S. Existing Home Sales Hold Steady
The National Association of Realtors reported that sales of existing homes during August were unchanged at 5.340 million (SAAR, -1.5%)....
Philadelphia Fed Factory Conditions Improve; Prices Weaken Again
The Philadelphia Fed that its General Factory Sector Business Conditions Index rose to 22.9 during September...
by Robert Brusca October 11, 2007
While auto sales have revived in August, the rest of retail sales remain lethargic.In real terms retail sales excluding auto sales fell by 1.6% in August. For the third quarter, sales are off to a weak start as nominal retail sales excluding autos are off at a 0.9% rate; real retail sales excluding autos are off at a 1% annual rate. Food and tobacco plus clothing and footwear categories are off sharply in the new quarter as well. But auto and parts sales are up at a strong 25% annual rate. Since The German VAT was hiked in January retail sales are still hampered.
| German Real and Nominal Retail Sales | New QTR | |||||||
|---|---|---|---|---|---|---|---|---|
| Nominal | Aug-07 | Jul-07 | Jun-07 | 3-MO | 6-MO | 12-MO | YrAgo | SAAR |
| Retail Ex auto | -1.4% | 0.7% | 1.4% | 3.0% | -0.9% | -2.1% | 7.0% | -0.9% |
| MV and Parts | 3.6% | 0.9% | 0.0% | 19.1% | 26.3% | -0.4% | 17.5% | 25.6% |
| Food Bev & Tobacco | -1.2% | -0.1% | 0.8% | -1.8% | -1.8% | -1.3% | 5.1% | -5.4% |
| Clothing footwear | -0.2% | 0.2% | 5.5% | 23.8% | -1.9% | -3.4% | 11.8% | -3.8% |
| Real | ||||||||
| Retail Ex auto | -1.6% | 0.7% | 1.4% | 2.3% | -1.3% | -3.0% | 6.5% | -1.0% |
