By Mark Pender
NEW YORK (MNI) – MNI’s U.S. retail trade index rose nine tenths in
the Sept. 17 period to 62.9, over 50 to indicate growth in year-on-year
business conditions but not enough to indicate monthly growth, according
to the results of Market News International’s weekly survey released
Monday.
Total sales are a year-on-year +5.4% with same-store sales in line
at +3.2%.
After applying the government’s seasonal adjustments, MNI’s data
point to no change for the September retail sales report.
Guidance from the sample has been very steady, calling for a slight
deceleration in year-on-year sales growth through the holidays.
Discounting continues to press on the sample’s income which is a
year-on-year +4%.
Sample size in the period is 167 chains making up 135,600 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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