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Economy

Economic Data (USA)

Tuesday, November 14, 2006

U.S. Retail & Food Services Sales Report for October, 2006

The Commerce Department this morning released advanced estimates of U.S. Retail and Food Services Sales for October, 2006:

Predicted: -0.4%
Actual: -0.2%

Minus Auto Sales
Predicted: -0.3%
Actual : -0.4%


The above percentages represent the month-to-month change in total sales receipts for retailers that sell both durable and non-durable goods.

The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the actual or real figure.

Here's a snippet from today's Commerce Department report:

"The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for October, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $363.7 billion, a decrease of 0.2 percent (±0.7%)* from the previous month, but up 4.5 percent (±0.7%) from October 2005. Total sales for the August through October 2006 period were up 5.3 percent (±0.5%) from the same period a year ago. The August to September 2006 percent change was revised from -0.4 percent (± 0.7%)* to -0.8 percent (± 0.2%).

Retail trade sales were down 0.3 percent (±0.7%)* from September, but were 4.2 percent (±0.8%) above last year. Motor vehicles and parts dealers were up 10.1 percent (±2.3%) from October 2005 and sales of nonstore retailers were up 8.6 percent (±4.5%) from last year."
Click here to view the full report.


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