By Mark Pender
NEW YORK (MNI) – MNI’s U.S. retail trade index slipped 1.4 points
in the July 30 period to 62.6, still well over 50 to indicate very
strong growth in year-on-year business conditions, according to the
results of Market News International’s weekly survey released Monday.
Total sales slipped six tenths in the period to a year-on-year
+5.1% with same-store sales down one tenth to +3.5%.
When adjusted, MNI’s data point to a significant bounce of +0.4%
for the government’s retail sales headline for July. Seasonal
adjustments will play a big role in the month, subtracting significantly
less from July than they did for June.
MNI’s sales readings would have to slip significantly before no
monthly change for July would be indicated, to about +4.0% for total
sales and to +2.0% for same-store sales.
Income for the sample did fall significantly in the latest period,
down five percentage points to only +2% for the lowest reading since
January last year.
Sample size in the period is 163 chains making up 166,00 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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