By Mark Pender
NEW YORK (MNI) – MNI’s U.S. retail trade index rose 1.3 points in
the Dec. 24 period to 59.7, 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 Tuesday.
But details in the sample show less strength with total sales
unchanged in the period at a moderate year-on-year +4.0%. Same-store
sales are up two tenths to a still very moderate +2.7%.
Guidance from the sample is steady and indicates an extension of
current year-on-year sales rates through the month.
When adjusted for a month-to-month comparison, MNI’s data point to
a December print of -0.5% print for the government’s retail sales
report.
Year-on-year income for MNI’s sample is +8%. Sample size in the
period is 165 chains making up 151,300 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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