Recent Updates

  • Bosnia: IP (Aug)
  • Iceland: Building Cost Index (Sep)
  • Germany: ifo Business Survey (Sep)
  • UK: UK Finance Debit & Credit Card Spending (Jun)
  • Armenia: PPI Press (Aug)
  • more updates...

Economy in Brief

U.S. Chain Store Sales Are Slightly Improved
by Tom Moeller  November 19, 2013

The International Council of Shopping Centers and Goldman Sachs reported that chain store sales ticked 0.1% higher (2.8% y/y) last week following a 1.7% rise the week earlier. For the month so far, sales have recovered half of October's 0.8% decline. 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.

ICSC-Goldman Sachs (SA, 1977=100) 11/16/13 11/09/13 11/02/13 Y/Y 2012 2011 2010
Total Weekly Chain Store Sales 545.2 544.6 538.2 2.8% 3.0% 3.2% 2.9%
   W/W % 0.1 1.2 -0.6 -- -- -- --
large image