July 2011 Business Sales Not Good But Not Recessionary

The headlines for June 2011 USA business sales say sales are up 0.7% month-over-month, and 12.0% year-over-year. Econintersect’s analysis shows sales down 0.9% month-over-month, and up an inflation adjusted 5.8% year-over-year.

Although Econintersect does not see this data as good, there are no recession indications in this data.

June 2011 Business Sales Still Show Solid Growth

Using inflation adjustments, analysts can more clearly count the quantity of business transactions. Inflation adjusted data shows retail sales have been growing 8% to 10% for most of 2011 – a solid growth. There are no signs of contraction.

Business Sales Up Strongly in March 2011

Business sales in March 2011 are up 11% to an historical high. Likely the inflation adjusted growth is 5% & is very solid. Inventories too are healthy. The way data is released, differences between the business releases pumped out by the US Census are not easy to understand with a quick reading. The entire story doesn’t really come together until the Business Sales Report comes out. Today the final report for March overlapped a advance report for April for the Retail Sales component of Business Sales.