I live in the USA and I am concerned about the future. I created this blog to share my thoughts on the economy and anything else that might catch my attention.
I'll be posting more retail trade charts tomorrow.
I'm awaiting the CPI data for October (released tomorrow) so that we can see how much of the retail trade data was driven by inflation.
I'm expecting a very tame CPI reading. If true, then retail sales look to be pretty good in October. It was certainly nice to see that they weren't driven by gasoline station sales anyway. (Gasoline stations' sales were actually down in October on a seasonally adjusted basis.)
On the other hand, nonstore retail growth was once again very strong. That doesn't bode well for this country's many strip malls and the jobs found therein.
Mark - A pizza joint opened up this week in a property that's been vacant for two years. I wanted to go in and ask them if they were crazy. I refrained. Audrey
I'll be posting more retail trade charts tomorrow.
ReplyDeleteI'm awaiting the CPI data for October (released tomorrow) so that we can see how much of the retail trade data was driven by inflation.
I'm expecting a very tame CPI reading. If true, then retail sales look to be pretty good in October. It was certainly nice to see that they weren't driven by gasoline station sales anyway. (Gasoline stations' sales were actually down in October on a seasonally adjusted basis.)
On the other hand, nonstore retail growth was once again very strong. That doesn't bode well for this country's many strip malls and the jobs found therein.
Mark -
ReplyDeleteA pizza joint opened up this week in a property that's been vacant for two years.
I wanted to go in and ask them if they were crazy.
I refrained.
Audrey
Audrey,
ReplyDeleteHopefully the new pizza joint is located close to other existing pizza joints.
I've heard prey animals can find safety in numbers, lol. Sigh.