Retail Sales Slowdown Not Limited to My Watch List
Presented at the Carnival of Economics and Global Trade:
Yesterday I noted that, at least for the companies I watch, retail sales didn’t look so hot. With the official statistics now out, it appears it wasn’t limited to my stocks of interest.
Econoday Report: Retail Sales 13, 2007
Year-on-year, overall retail sales in June fell to up 3.8 percent from up 5.1 percent in the month before. Excluding motor vehicles, May’s year-on-year sales declined to up 4.2 percent, compared to up 4.9 percent in May. Excluding motor vehicles and gas station sales, year-on-year sales in June fell to up 4.6 percent from up 5.0 percent the prior month.
With the monthly data now in, I won’t track the weekly changes in my economic data table. As for the retail sales figure, they are still holding fairly strong so I am classifying it as “good but deteriorating.”
EconomicData
Like this article? Why not try out:
