Tuesday, December 25, 2012
Spendingpulse Holiday Sales
Retail sales grew by 0.7 percent from Oct. 28 through Dec. 24, the Purchase, New York, research firm said today, without providing a dollar figure in the billions. Sales grew at a 2 percent pace in the same period a year ago. SpendingPulse tracks total U.S. sales at stores and online via all payment forms.Not a very positive sign. All the rest of the retail talking heads still have to weigh in this week. They all count differently, so totals will be different.
The report is worthless - neither good nor bad. Any time when more than 15 states aren't included, the numbers don't mean much.
The timing of the Xmas/NYr holidays this year is very bad for the collection of claims data. The first reliable report will be the one that comes out on Jan 10th.
We've had wild swings in the data before at this time of year.
I'll hope - but not based on those numbers.
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