Following yesterday’s rather disappointing retail sales data release, Markit’s Retail PMI data (released today) were not very inspiring either: While Germany managed to register marginal growth, the rest of the region’s major economies remain below 50, indicating continued contraction: Employment fell for the first time...
The ICSC-UBS/Goldman retail chain same-store sales is a useful weekly indicator of general merchandise spending which accounts for roughly 10% of the US retail market. Because it is a weekly data point, this series can look noisy....
Retail sales rebounded by 1.1% in March which slightly beat consensus (1%). February retail sales were also revised up from 0.3% month-over-month to 0.7% month-over-month. Retail sales and retail sales ex-autos both made all-time highs in March. Auto sales grew by over 3.1% for the...
Overall retail sales came in much higher than the expected +0.3%yoy gain: Meanwhile, the unemployment rate for the entirety of the region remained steady for the eighth month in a row: However, when we look more closely at some of the individual countries, we notice...
November’s retail sales posted a strong 0.7% month-over-month gain which was slightly above consensus expectations (0.6%). This is even more impressive when we consider that October’s 0.4% gain was revised up to 0.6%. Auto’s contributed to the strong retail number as they gained 1.8% month-over-month...
While Inditex fell below long-term support earlier this year, the stock price has managed to retrace much of that move down:Meanwhile, retail sales posted a yearly gain for the first time since 2010:...
