NEW YORK (Dow Jones)--The International Council of Shopping Centers and Goldman Sachs Retail Chain Store Sales Index increased 0.6% in the week to Nov. 1 from its level a week before, on a seasonally-adjusted, comparable store basis.
This result Tuesday followed a 0.5% rise in the prior week and a 1.6% decline in the week before that.
"Overall, consumers continue to spend on everyday items," said Michael P. Niemira, ICSC chief economist.
On a year-on-year basis, retailers saw sales increase by 0.9% in the latest week. That compares with a rise of 1.3% year-on-year the prior week.
Week Ending Index 1977=100 Yr/Yr Change Weekly Change 01-Nov-08 482.0 0.9% 0.6% 25-Oct-08 479.3 1.3% 0.5% 18-Oct-08 477.0 0.9% -1.6% 11-Oct-08 484.7 1.0% 0.7%
-By Riva Froymovich, Dow Jones Newswires; 201-938-5063; firstname.lastname@example.org
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(END) Dow Jones Newswires
November 04, 2008 07:46 ET (12:46 GMT)
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