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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (66153)	6/13/2007 12:01:13 PM
From: Haim R. Branisteanu	Respond to of 116555

Better retail sales - but not in units sold I think The big surprise in the retail sales report came from the automakers and the chain stores. Auto sales rose 1.8%, the government said, but the automakers reported a decline in unit sales. Excluding autos, retail sales rose 1.3%, the largest in 16 months, compared with the 0.9% gain expected by economists surveyed by MarketWatch. Excluding both autos and gas, sales rose 1%, the most since January 2006. Sales at the malls were strong, despite tepid reports from the retail chains. Sales at general merchandise stores rose 1% and department store sales rose 1.3%, the most in 19 months. Clothing store sales rose 2.7%, while sales at music, book and sporting goods stores rose 1.8%. Higher food prices had little impact. Food store sales gained 0.3%, although sales at restaurants and bars increased 0.7%. Sales at health- and personal-care stores rose 0.8%. Sales of durable goods were generally strong, Sales at building materials stores rose 2.1%, reversing a similar loss in April. Sales at electronics and appliance stores rose 1.3%. Sales at furniture stores rose 0.3%.