By Mark Pender

NEW YORK (MNI) – MNI’s U.S. retail trade indicator slowed by 1.7
points in the June 30 period to a 62.1 level that indicates strong
year-on-year business conditions but not enough strength to indicate
monthly growth, according to the results of MNI’s weekly survey released
Monday.

Total year-on-year sales growth is +4.4% with same-store sales at
+2.5%.

Month-to-month, MNI’s data are pointing to a -0.1% print for the
government’s June retail sales report.

Guidance is beginning to slow with the sample yet to report much
boost from lower gas prices. Component details show weakness at
restaurants and strength for building materials.

Income growth for the sample is holding at a four-month high of +8%
which points to healthy pricing.

Sample size in the period is 140 chains representing a total of
160,700 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 **

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