Written by Steven Hansen January 2014 wholesale sales and inventories data was soft. This data series is very noisy, and has been on a roller coaster of one good month / one bad month. The three month rolling averages for sales is decelerating.
Category Archives: Retail & Business Sales
Retail Sales Not As Bad As They Said, On the Other Hand, They Were Worse
On the surface, the January retail sales report released on February 13 doesn’t look so bad, in spite of the hysterical headlines about the big “miss” because of January’s bad weather. Street economists had a consensus guess that the seasonally adjusted headline number would be unchanged from December.
February 2014 Philly Fed Business Outlook Not Good – Blamed on Weather
Written by Steven Hansen The Philly Fed Business Outlook Survey fell and entered contraction territory. Key elements also were in contraction.
February 2014 Empire State Survey Under Expectations, Internals Bad
Written by Steven Hansen The Empire State Manufacturing Survey degraded by remains in expansion territory in February 2014. Key internals are in contraction territory.
December 2013 Business Inventories and Sales Improve
Written by Steven Hansen Econintersect‘s analysis of final business sales data (retail plus wholesale plus manufacturing) for December 2013 shows sales improved with inventory levels normal.