Recent Updates

  • France: Guaranteed Minimum Wage (Jan)
  • Denmark: Consumer Confidence (Jan)
  • Sweden: TNS Prospera Survey (Jan)
  • China: General Government Revenue and Expenditure Press, Local Government Debt, IP Value Added by Region (Dec)
  • Japan: Real Trade Index, International Trade (Dec), All Industry Activity Indexes, Monthly Labor Survey, Wage Indexes, Hours Worked (Nov), Senior Loan Officer Survey (Q4)
  • Taiwan: Shipments and Inventories (Nov)
  • more updates...

Economy in Brief

U.S. Chain Store Sales Recover W/W but Are Lower During the Last Month
by Tom Moeller  June 4, 2013

The International Council of Shopping Centers and Goldman Sachs reported that chain store sales jumped 1.9% last week (4.3% y/y). That was enough to lift this month's starting point 0.6% above the May average. For all of May sales fell 2.0% m/m. During the last ten years there has been a 61% correlation between the y/y change in chain store sales and the change in retail sales at general merchandise stores. That correlation recently has declined.

General merchandise store sales account for 15% of total retail sales. The ICSC-Goldman Sachs 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 chain store figures can be found in Haver's SURVEYW database. 

ICSC-Goldman Sachs (SA, 1977=100) 06/01/13 05/25/13 05/18/13 Y/Y 2012 2011 2010
Total Weekly Chain Store Sales 553.4 543.1 547.9 4.3% 3.0% 3.2% 2.9%
   W/W % 1.9 -0.9 0.2 -- -- -- --
close
large image