Chain Store Sales (week ended 3/9/2013)
ICSC-Goldman Store Sales
– Store Sales week/week +0.7%, – Previous was +0.2%
– Store Sales year/year +1.8%. Previous was +1.8%.
– Store Sales year/year change +2.7%. Previous was +2.2%.
As has been the case recently the two reports continue to send a mixed message. What we have appears to be slow growth. Chain Store Sales are important because they are an early indicator of consumer spending. The most leading indicator is the Consumer Metrics Daily Absolute Demand Index of online discretionary spending http://www.consumerindexes.com/ and it has been increasing slowly since March 1.
NFIB Small Business Optimism Index (February 2013)
– Index Value was 90.8 up from a previous 88.9. This is a survey index and the details may be viewed here http://www.nfib.com/research-foundation/surveys/small-business-economic-trends. Most all components are up. Since it is small businesses which create jobs this index can be important.