Chain Store Sales (week ended 12/8/2012)
ICSC-Goldman Store Sales
Store Sales – Week/Week change -0.7%, Previous was -3.1%.
Store Sales – Year/Year 2.5%. Previous was 3.2%.
Store Sales Year/Year +2.2 %. Previous was +2.1%.
These Chain Store number are weak.
Wholesale Trade (October 2012)
Inventories – Month/Month +0.6%. Previous was +1.1%.
Wholesale Sales were -1.2%.
Consumer Spending drives almost everything. The weakness in wholesale is a correction for too optimistic inventory growth. The consumer is not spending as much as anticipated.
Trade Balance (October 2012)
– Trade deficit was $42.2 billion. Previous was $41.5 billion. Exports fell 3.6% in October. Weak economies in Europe and Japan are affecting the U.S.