Power Capital Consulting
Competitive and Business Intelligence Research & Analysis
Consumer Products
Retail Sales
February, 2009
The February 12th report revealed an uptick in Retail Sales of 1%, unexpected in light of recent job cuts and disappointing holiday sales. The December rate declined by 3%, the last of seven months of descent in the indicator.
Building Materials fell by 3.2%, while gasoline increased by 2.6% correlating with recently rebounding prices. Ongoing unemployment benefit numbers increased, although new claims decreased from 631,000 the prior week to 623,000.
U.S. business inventories fell 1.3%, the sharpest drop since October, 2001. This is consistent with declining production and utilization of existing inventories to meet customer order requirements.
February, 2009
The February 12th report revealed an uptick in Retail Sales of 1%, unexpected in light of recent job cuts and disappointing holiday sales. The December rate declined by 3%, the last of seven months of descent in the indicator.
Building Materials fell by 3.2%, while gasoline increased by 2.6% correlating with recently rebounding prices. Ongoing unemployment benefit numbers increased, although new claims decreased from 631,000 the prior week to 623,000.
U.S. business inventories fell 1.3%, the sharpest drop since October, 2001. This is consistent with declining production and utilization of existing inventories to meet customer order requirements.
