U.S. Retail & Food Services Sales Report for November 2008
The Commerce Department this morning released advanced estimates of U.S. Retail and Food Services Sales for November 2008:
Predicted: -1.9%
Actual: -1.8%
Minus Auto and Auto Parts Sales
Predicted: -1.7%
Actual : -1.6%
The above percentages represent the month-to-month change in total sales receipts for retailers that sell durable & non-durable goods, and retailers that provide food & beverage services.
Click here to view the full report.
Predicted: -1.9%
Actual: -1.8%
Minus Auto and Auto Parts Sales
Predicted: -1.7%
Actual : -1.6%
The above percentages represent the month-to-month change in total sales receipts for retailers that sell durable & non-durable goods, and retailers that provide food & beverage services.
- Change from 12 months previous: -7.4%
Click here to view the full report.
Labels: food_services, retail_sales
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posted by Steve Brown | 12/12/2008 12:08:00 PM
1 Comments:
The expected Christmas rally may have been priced into the market already, when it was defying all sorts of negative news to stay this level. I don't think the market hasn't bottomed out yet, as the gurus on CNBC and other channels have been declaring for the umpteenth time. I think we could reach new lows in the next few weeks because there is only indications of a deepening recession, without an end in sight.
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