2013 Economic Calendar
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Released On 8/13/2013 8:55:00 AM For wk8/10, 2013
Store Sales Y/Y change3.7 %3.7 %

Year-on-year rates of sales growth are ticking higher so far in August based on both ICSC-Goldman, which was released earlier this morning, and now on Redbook whose plus 3.7 percent rate lifts its 4-week average by 2 tenths to 3.4 percent. This is the highest average since April last year!

Redbook attributes the week's strength to back-to-school tax holidays in a number of states, but it stresses that it's too early to judge the strength of back-to-school demand. Still, Redbook is calling for a monthly 0.4 percent rise for August which points to another month of strength for the ex-gas ex-auto reading of the government's retail sales report which just morning this shows the same plus 0.4 percent gain for July.

A weekly measure of comparable store sales at chain stores, discounters, and department stores. Redbook tracks week-to-week change, month-to-date change, and year-on-year change with the latter the most closely watched reading. The report offers early indications on ex-auto ex-gas retail sales.  Why Investors Care

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