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Economic Data (USA)

Friday, December 12, 2008

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.

  • Change from 12 months previous: -7.4%

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

Click here to view the full report.

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Anonymous Anonymous said...

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.

Tuesday, December 16, 2008 8:29:00 AM  

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