NOVEMBER RETAIL SALES DATA
The November retail sales data clearly do no support a recession scenario.
|
Nov(3) |
Oct |
sept |
|
|
total |
385,753 |
381,088 |
380,231 |
|
grocery |
43,417 |
43,003 |
42,805 |
|
gas |
39,438 |
36,919 |
35,806 |
|
Nonstore retailers…………………………. |
25,611 |
25,127 |
25,016 |
|
REMAINDER |
277,287 |
276,039 |
276,604 |
About half of the nonstore retailers is fuel oil deliveries. So if you take out the price driven
large increases in food,gas, and nonstore retail there is still about a 0.5% gain. Moreover, for most of this it is real gains as prices for most retail goods are actually flat to down.
|
% |
|
|
total |
1.2 |
|
grocery |
1.0 |
|
gas |
6.8 |
|
nonstore retail |
1.9 |
|
|
|
|
remainder |
0.5 |