By Mark Pender
NEW YORK (MNI) – MNI’s U.S. retail trade index slipped a half point
in the Jan. 22 period to 63.0 indicating strong year-on-year growth but
no significant month-on-month change, according to the results of Market
News International’s weekly survey.
Total sales edged two tenths lower to a year-on-year +5.2%, a level
that’s also the four-week average.
Same-store sales ended four weeks of decline with a one tenth rise
to +2.4%.
News flow has so far been limited in January, a low sales month in
which month-to-month seasonal adjustments play the most significant role
of the year for the government’s retail sales report.
Income for the sample is soft and steady at an on-year +5%. The
period’s sample size is 165 chains representing 126,000 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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