Recent Updates

  • Japan: Trading Volume of Treasury Bills & Financing Bills by Investor Type, TSE Tokyo PRO Market (Dec)
  • Korea: Tourist Arrivals, PPI, Domestic Supply and Output Price Indexes (Dec), First 20 Days of Trade (Jan)
  • US: Consumer Sentiment (Jan-prelim), GDP by Industry (Q3)
  • Consumer Sentiment Detail (Jan-prelim)
  • Canada: MSIO, Intl Transactions in Securities (Nov)
  • Ivory Coast: IP (Nov); South Africa: Financial Soundness Indicators (Nov); Turkey: House Sales (Dec), IIP (Nov)
  • more updates...

Economy in Brief

U.S. Chain Store Sales Nudged Up
by Tom Moeller July 1, 2008

The International Council of Shopping Centers reported that chain store sales increased all of 0.1% last week after the prior week's 0.6% decline.

During all of June sales look to have risen 0.5% after a 0.9% May decline.

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 fell again, by 0.4% (-2.8% y/y).

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

ICSC-UBS (SA, 1977=100) 06/28/08 06/21/08 Y/Y 2007 2006 2005
Total Weekly Chain Store Sales 490.7 490.0 2.2% 2.8% 3.3% 3.6%
close
large image