Doesn’t look as bad as many would expect.
Maybe it’s being supported by lower fuel prices.
(Reuters) The International Council of Shopping Centers and Goldman Sachs on Tuesday released the following seasonally adjusted weekly data on U.S. chain store retail sales.
WEEK ENDING INDEX 1977=100 YEAR/YEAR CHANGE WEEKLY CHANGE (percent) (percent) Nov 8 477.2 0.4 -1.0 Nov 1 482.0 0.9 0.6 Oct 25 479.3 1.3 0.5 Oct 18 477.0 0.9 -1.6
The ICSC weekly U.S. retail chain store sales index is a joint publication between ICSC and Goldman Sachs Group Inc. It measures nominal same-store sales, excluding restaurant and vehicle demand, and represents about 75 retail chain stores.