THE BASIS POINT

Retail Stalls.

 

ICSC-Goldman Store Sales (week ended 5/10/2014)

– Store Sales week/week -0.1%. Previous was -2.0%

– Store Sales year/year +3.9%. Previous was +2.0%

Redbook (week ended 5/10/2014)

– Store Sales year/year +4.2%. Previous was +4.4%.

Retail Sales  (April 2014)

– Retail Sales month/month +0.1%. Previous was +1.5%

– Retail Sales less autos month/month +0.0%. Previous was +1.0%

– Less Autos & Gas month/month -0.1%. Previous was +1.4%.

Together the Chain Store data plus the Retail Sales data from the U.S. Bureau of the Census shows a stalled economy.

The Consumer Metrics Daily Absolute Demand Index – a near real time measure of online commerce has declined 7 of the last 8 days.

Import and Export Prices (April 2014)

– Export Prices month/month -1.0%. Previous was  +1.0%

– Export Prices year/year  +0.1%.

– Import Prices month/month -0.4%. Previous was +0.4%

– Import Prices year/year -0.3%.

Business Inventories (March 2014)

– Inventories month/month +0.4%. Previous was +0.5%.

This is a GDP component.

NFIB Small Business Optimism Index (April 2014)

– Optimism Index 95.2. Previous was 93.4.

 

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