Global| Mar 12 2002Weekly Chain Store Sales Slip
by:Tom Moeller
|in:Economy in Brief
Summary
Chain store sales fell 0.7% last week marking the third consecutive week of moderate decline. Despite recent declines, the trend in store sales has clearly improved. The latest week is the first full week of the month. So far, March [...]
Chain store sales fell 0.7% last week marking the third consecutive week of moderate decline. Despite recent declines, the trend in store sales has clearly improved.
The latest week is the first full week of the month. So far, March sales remain slightly above the February average.
During the last ten years there has been a 20% correlation between the monthly percent change in chain store sales and the change in consumer confidence.
| BTM-UBSW (SA, 1977=100) | 3/09/02 | 3/02/02 | Y/Y | 2001 | 2000 | 1999 |
|---|---|---|---|---|---|---|
| Total Weekly Retail Chain Store Sales | 407.1 | 409.8 | 4.7% | 2.1% | 3.4% | 6.7% |
by Tom Moeller March 12, 2002
The foreign exchange value of the US dollar has fallen more than 1% since its highs set in January.
The decline has been led by weakness against the Japanese Yen which is up nearly 5% during the period due to tentative signs of economic recovery in Japan and new trade legislation in the US.
Despite the recent $ weakness, it's value remains high relative to recent years.
| Trade-Weighted Value of US$ | 3/08/02 | 3/01/02 | Y/Y | 2001 | 2000 | 1999 |
|---|---|---|---|---|---|---|
| Nominal FX Value of the US$ | 128.83 | 129.62 | 3.4% | 5.1% | 3.3% | 0.2% |
Tom Moeller
AuthorMore in Author Profile »Prior to joining Haver Analytics in 2000, Mr. Moeller worked as the Economist at Chancellor Capital Management from 1985 to 1999. There, he developed comprehensive economic forecasts and interpreted economic data for equity and fixed income portfolio managers. Also at Chancellor, Mr. Moeller worked as an equity analyst and was responsible for researching and rating companies in the economically sensitive automobile and housing industries for investment in Chancellor’s equity portfolio. Prior to joining Chancellor, Mr. Moeller was an Economist at Citibank from 1979 to 1984. He also analyzed pricing behavior in the metals industry for the Council on Wage and Price Stability in Washington, D.C. In 1999, Mr. Moeller received the award for most accurate forecast from the Forecasters' Club of New York. From 1990 to 1992 he was President of the New York Association for Business Economists. Mr. Moeller earned an M.B.A. in Finance from Fordham University, where he graduated in 1987. He holds a Bachelor of Arts in Economics from George Washington University.
