U.S. Retail Sales Y/Y - 3 Month Moving Average
Chart Source Data: U.S. Department of Commerce
Besides the overall trend (which continues Northward) many specifically strong sectors point to a revival of the consumer. Health and personal care store sales were +5.1% year over year. Clothing and accessory, sporting goods, hobby, book and music all were similarly strong at +5.0%.
As we've pointed out previously electronic marketers and online mail order houses continue their march upward. The continue to be the growth leader at +10.3%.
The net effect was to raise three-month moving average for total retail sales to +1.9% year over year, the first positive percentage change in 16 months. This is a huge improvement compared to the low for this reading of -10.4% reported in January 2008.
This data continues the string of Christmas week data pointing to a healthy 2010 economically.