By Mark Pender
NEW YORK (MNI) – MNI’s U.S. retail trade indicator slowed by five
tenths in the July 14 period but, at 60.9, is still well over 50 to
indicate strong growth in year-on-year business conditions, according to
the results of MNI’s weekly survey released Monday.
Total year-on-year sales growth is +4.0% with same-store sales at
+2.5%.
Month-to-month, June looks like an easy comparison with MNI data
offering an initial +0.5% estimate for the government’s July retail
sales headline.
Income growth for the sample is, for the seventh week in a row, at
a year-on-year +8% which is the best rate since February.
Sample size in the period is 151 chains representing 162,300
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$]