By Mark Pender
NEW YORK (MNI) – MNI’s U.S. retail trade indicator accelerated
seven tenths in the July 21 period to 61.6 level that is well over 50 to
indicate strong growth in year-on-year business conditions, according to
the results of MNI’s weekly survey released Monday.
Total year-on-year sales growth is +4.0% with same-store sales at
+2.5%.
The month-to-month outlook for July, given an easy comparison with
the weakness of June, is strongly positive with MNI’s data pointing to
+0.5% for the government’s retail sales headline.
The sample’s strength so far in July is centered in general
merchandise and electronics & appliances. Non-store retailers this month
look weak.
Income growth for the sample is a solid +7%. Sample size, for the
second week in a row, is 151 chains which for this period represents
194,500 separate retail locations.
Editor’s Note: MNI compiles its retail trade index based on a
weekly sample of company news and data.
** MNI New York Bureau: 212-669-6430 **
[TOPICS: MDURE$,MT$$$$,M$U$$$,M$UEQ$,MAUDS$]
