ICSC-Goldman Sachs Chain Store Sales Up 0.6% In Nov 1 Week

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; riva.froymovich@dowjones.com

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(END) Dow Jones Newswires

November 04, 2008 07:46 ET (12:46 GMT)

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