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Economy in Brief

U.S. Chain Store Sales Recovered
by Tom Moeller June 10, 2008

The International Council of Shopping Centers reported that chain store sales recovered 1.7% from the week earlier. The latest was the highest level in one month.

During all of May sales fell 0.9% from April; during which sales rose 1.0%.

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.

During the latest week, the leading indicator of chain store sales from ICSC-UBS rose 0.6%, its first increase since early April. from one year earlier.

The chain store sales figures are available in Haver's SURVEYW database.

ICSC-UBS (SA, 1977=100) 06/07/08 05/31/08 Y/Y 2007 2006 2005
Total Weekly Chain Store Sales 492.3 484.3 1.8% 2.8% 3.3% 3.6%
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