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Economy in Brief

U.S. Chain Store Sales Ticked Up
by Tom Moeller December 18, 2007

Chain store sales last week rose 1.4% last week but the increase still left sales in December 0.7% below the November average, according to the International Council of Shopping Centers (ICSC)-UBS.

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% and added to a 0.6% gain during the prior week.

Collecting Consumer Debt in America from the Federal Reserve Bank of Philadelphia is available here.

ICSC-UBS (SA, 1977=100) 12/14/07 12/07/07 Y/Y 2006 2005 2004
Total Weekly Chain Store Sales 475.7 469.3 2.1% 3.3% 3.6% 4.7%
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