By Mark Pender

NEW YORK (MNI) – MNI’s U.S. retail trade indicator edged two tenths
higher in the Oct. 6 period to 60.5, holding well above breakeven 50 to
indicate strong growth in year-on-year business activity, according to
the results of MNI’s weekly survey released Tuesday.

Total sales are steady at a year-on-year +4.9% with same-store
sales at a year-on-year +2.5%. Both readings are steady and trending
slightly higher than a month ago.

For the monthly September-to-August comparison, MNI’s data are
pointing to a solid +0.7% for the government’s retail sales headline.

Ex-auto sales is also indicated at +0.7% with ex-auto ex-gas,
enjoying an easy comparison with August’s incremental gain, indicated at

Building materials and general merchandise are leading the sample,
which in general is upbeat and holding to guidance for monthly growth
along a steadily rising slope.

Year-on-year income growth is steady at a solid +8%.

Sample size in the period is 157 chains representing 180,500
separate retail locations.

Editor’s Note: MNI compiles its retail trade indicator based on a
weekly sample of company news and data.

** MNI New York Bureau: 212-669-6430 **