Kurt_and_Hunter
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Tue Apr-14-09 09:38 AM
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Double plus good. Retail sales off only 10% Year over Year |
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The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for March, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $344.4 billion, a decrease of 1.1 percent (±0.5%) from the previous month and 9.4 percent (±0.7%) below March 2008. Total sales for the January through March 2009 period were down 8.8 percent (±0.5%) from the same period a year ago. The January 2009 to February 2009 percent change was revised from -0.1 percent (±0.5%)* to +0.3 percent (±0.3%).
http://www.calculatedriskblog.com/2009/04/retail-sales-decline-in-march.html
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acmavm
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Tue Apr-14-09 09:54 AM
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1. ?? No offense but I don't think anyone really knows how bad it |
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is. Or how good. <snip> Retail sales tumble in March (MUCH worse than expected) Source: MSNBC WASHINGTON - Sales at U.S. retailers unexpectedly fell in March, snapping two months of increases, as motor vehicle and electronic good purchases declined, according to a government report on Tuesday that indicated subdued consumer spending amid rising unemployment. http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x3830465http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x3830465
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Kurt_and_Hunter
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Tue Apr-14-09 09:59 AM
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2. The headline is a joke |
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Edited on Tue Apr-14-09 10:00 AM by Kurt_and_Hunter
In "1984" people greet every grim development, like the chocolate ration being cut, with: "double plus good!"
Off 10% YoY is big.
I'm a pessimist and even I'm surprised by how bad it is.
You don't expect retail sales to keep declining during the best month for the stock market since 1933.
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denem
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Tue Apr-14-09 10:04 AM
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3. Jan & Feb both revised up by .4% |
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There's more than half the March fall right there.
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Tue May 07th 2024, 04:50 PM
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