This blog attempts to educate people about how our economy works and to provide updates on what is going on in the economy that may affect them (See personal story at the bottom of the page). Neither this blog nor I are investment advisors, any opinions posted on this site are my own. Please seek a professional investment advisor to fit your personal investment goals.
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Monday, November 15, 2010
Monthly Retail Sales
The October Core and Non-Core Retail Sales numbers were released this morning looking favorable. Retail Sales is the change in the total value of sales at the retail level and Core Retail Sales is the same, excluding automobiles. These are considered to be vital data as it is a gauge of consumer spending, I would say that it is screwed due to the Christmas holidays. The numbers are actually down across the board (-2.67%) from Augusts numbers, but up across the board since October 2009 ( this could also have to do with the inflation we have been witnessing across the board, so we have to pay more to get the same things).
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