Global Economic News and Analysis
Pundits are throwing out various reasons (including some apparent incorrect auto sales data) for reasons why January 2012 advance retail sales are improving at a weak rate. The expectations were for retail sales improvement 2 to 3 times higher than what was reported. Econintersect analysis is that retail sales are not warning of an impending …
Continue reading “January 2012 Advance Retail Sales Disappoint But Still Growing”
Christmas retail has to disappoint the pundits who were forecasting a big jump of sales in December 2011. Although the Census adjusted numbers say there was a slight improvement month-over-month, the Econintersect analysis sees the numbers down almost 1%. Interestingly, both the Census and Econintersect analysis shows sluggishness in general merchandise stores and electronics …
Continue reading “December 2011 Advance Retail Sales Disappoints Christmas Pundits”
Inflation adjusted retail sales year-over-year growth rates have remained between 2% and 4% for the last 8 months. In November 2011, the year-over-year growth was 2.4%. US Census Headlines: sales up 0.2% month-over-month, up 6.7% year-over-year Econintersect Analysis: sales down 0.2% month-over-month, and up 6.8% year-over-year sales (inflation adjusted) down 0.2% month-over-month, up 2.4% year-over-year
Inflation adjusted October 2011 retail sales growth rates (advance release) resumed its previous downward trend channel. Sales continue to grow but an ever slowing rate. US Census Headlines: sales up 0.5% month-over-month, up 15.6% year-over-year Econintersect Analysis: sales down 3.0% month-over-month, and up 6.7% year-over-year sales (inflation adjusted) down 3.0% month-over-month, up 1.7% year-over-year
Inflation adjusted retail sales growth rates (advance release) may have slightly broken out of the previous downward trend channel – but still remain in a downward trend. Sales continue to grow but at an ever slowing rate.