Thursday, January 14, 2010

Commerce Retail Sales Advance Report: YOY Jumps 5.9%

Yesterday, I promised to post the report from Commerce for the advance retail sales numbers. You can access it here. Here is the summary:

  • Change from Previous Month (November 2009 to December 2009): Decrease of 0.2%
  • Change from Previous Year (December 2008 versus December 2009): Increase of 5.9%

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However, the big disappointment was that for the 12 months total sales for 2009 were down 6.2 percent (±0.2%) from 2008. That is a huge change from last year, probably reflecting the continued softness in the overall economy. Hopefully 2010 rings better.

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