By Mark Pender
NEW YORK (MNI) – MNI’s U.S. retail trade index rose eight tenths in
the Dec. 10 period to 57.3, well over 50 to indicate solid growth in
year-on-year business conditions, according to the results of Market
News International’s weekly survey released Monday.
Total sales are a year-on-year +4.5%, unchanged for the third week
in a row, while same-store sales edged one tenth lower to +2.5%.
When adjusted for a monthly reading, MNI’s data point to no change
for the November retail sales headline. Ex-auto is indicated at -0.1%
with ex-auto ex-gas at -0.6%.
Guidance from the sample is very steady, indicating an extension of
current year-on-year sales rates through the holidays.
Year-on-year income for MNI’s sample is +7%, at the high end of
trend to indicate a moderation in discounting. Sample size in the period
is 192 chains making up 172,700 separate retail locations.
Editor’s Note: MNI compiles its retail trade index based on a
weekly sample of company news and data.
** Market News International New York Newsroom: 212-669-6430 **
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