Yesterday, I promised to post the report from Commerce for the advance retail sales numbers. You can access it here. Here is the summary:
Change from Previous Month (November 2009 to December 2009): Decrease of 0.2%
Change from Previous Year (December 2008 versus December 2009): Increase of 5.9%
However, the big disappointment was that for the 12 months total sales for 2009 were down 6.2 percent (Â±0.2%) from 2008. That is a huge change from last year, probably reflecting the continued softness in the overall economy. Hopefully 2010 rings better.
Retail Indicators Branch of the Census Bureau will release their advance retail trade numbers for December 2009 tomorrow. Most likely those numbers will reinforce what we have been hearing so far. So donâ€™t hold your breath, but do come back to check the release tomorrow.