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Economy in Brief
Japan’s METI Sector Indexes Rebound But Still Lag
Japan's economy continues to fight for revival...
U.S. Existing Home Sales Continue to Weaken, Dragging Down Prices
The NAR reported that sales of existing homes during September declined 3.4% to 5.150 million...
Canadian Retail Sales Weaken As Inflation Slows
Canada's retail sales show relatively widespread deceleration...
U.S. Leading Economic Indicators Strengthen
The Conference Board's Composite Index of Leading Economic Indicators increased 0.5% (7.0% y/y) during September...
Philadelphia Fed Manufacturing Growth Continues; Pricing Pressure Eases
The Philadelphia Federal Reserve reported that its General Factory Sector Business Conditions Index dipped to 22.2 during October...
by By Robert Brusca October 31, 2007
German retail sales rose in September with downward revision to the earlier month showing a strong 2.3% rise in real ex-auto sales. The series is up by 5.1% from one year ago, a pretty good Yr/Yr rise. But in the third quarter this gain still only leaves sales up at a 1.4% annual rate. The revival in sales was across the main retail categories. While the rise of 1.4% in the quarter is not very strong it is in line with what exceptions have been for German retailing where the outlook has been set low all year long.
| German Real and Nominal Retail Sales | ||||||||
|---|---|---|---|---|---|---|---|---|
| Nominal | Sep-07 | Aug-07 | Jul-07 | 3-MO | 6-MO | 12-MO | YrAgo | New QTR Saar |
| Retail Ex auto | 2.6% | -1.3% | 0.6% | 8.2% | 4.8% | 2.4% | 5.6% | 1.7% |
| Motor Vehicle and Parts | #N/A | 3.6% | 0.9% | #N/A | #N/A | #N/A | 15.2% | #N/A |
| Food, Beverages & Tobacco | 3.4% | -1.2% | -0.1% | 8.5% | 4.7% | 1.9% | 5.1% | -0.9% |
| Clothing footwear | 3.4% | 0.2% | 0.2% | 16.0% | 7.3% | 14.0% | 3.4% | 1.4% |
| Real | ||||||||
| Retail Ex auto | 2.3% | -1.6% | 0.7% | 6.0% | 3.0% | 1.4% | 5.1% | 1.4% |
