Here is a good breakdown of the sales numbers:
By Daniel at 11 December, 2009, 10:23 am
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=DJ Table Of Data On Retail Sales From Commerce
Dollar Figures in Blns, Seasonally Adjusted
% changes positive unless preceded by minus
NOV OCT
Total Retail Sales 352.073 347.605
Percent Change 1.3 1.1
Total Except Autos 292.145 288.608
Percent Change 1.2 0.0
Automobiles 59.928 58.997
Percent Change 1.6 7.1
Furniture, Home 7.587 7.644
Percent Change -0.7 -1.5
Electronics Stores 8.755 8.519
Percent Change 2.8 0.3
Building Materials 23.183 22.847
Percent Change 1.5 -1.8
Food and Beverage 49.974 49.497
Percent Change 1.0 0.0
Gas Stations 33.303 31.411
Percent Change 6.0 -0.5
Excluding rising gasoline sales (read prices), sales increased 0.6%, take from that October’s downward revisions and you have a whopping 0.3% which is below estimates. When rising gasoline prices drive a rebound in retail sales, it is usually not a good sign that the American consumer will power up holiday sales.
- technogeek
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