Analyst Says Census Understates Retail Sales Growth

January 14th, 2011
in econ_news

Econintersect:  The U.S. Census Bureau reported today that retail sales increased 0.6% from November, seasonally adjusted.  Steven Hansen, an analyst reporting at Global Economic Intersection, says that the monthly increase was actually up much more, as reflected by the unadjusted data.

Follow up:

Hansen points out that the year-over-year improvement for December was up more than 8%.  The Census report, using seasonally adjusted data, reports less than 8% improvement (7.9%).

The factor that is emphasized in the Census Bureau report is that December retail sales was the highest ever for the data series.  December was also the only month in 2010 that significantly beat the previous high reading for the same month in past years.  These two factors are pinpointed by Hansen as major positive factors that were not sufficiently highlighted by the Census Bureau report.

Hansen also said that it remains to be seen if there will be any follow through of the new high for retail sales in the coming months.  The inference is that it might have been just holiday exuberance.    


Sources:  U.S. Census Bureau and Global Economic Intersection ("Record Breaking December 2010 Retail Sales")

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved