By Mark Pender
NEW YORK (MNI) – MNI’s U.S. retail trade indicator slowed two
points in the April 14 period to 65.9, still far over breakeven 50 and
to indicate strong growth in year-on-year business activity, according
to the results of MNI’s weekly survey released Monday.
Total sales are at a year-on-year +5.0% with same-store sales,
which are especially solid, at +4.0%.
When adjusted at the current sales rates, MNI’s sample is pointing
to a +0.5% headline for the government’s April retail sales report.
The sample so far in April shows strength in electronics &
appliance stores, general merchandise stores, and also restaurants.
Income growth for MNI’s sample slipped two tenths to a year-on-year
+4.0% which is at the low end of trend.
Sample size in the period is 151 chains for a total of 128,000
separate retail locations.
Editor’s Note: MNI compiles its retail trade index based on a
weekly sample of company news and data.
** MNI New York Bureau: 212-669-6430 **
[TOPICS: MDURE$,MT$$$$,M$U$$$,M$UEQ$,MAUDS$]
