WEEKLY CHAIN STORE SALES SURGE

Chain store sales surged 2.9% last week. Recent volatility has been very high but the upward trend is good to see.

The 4-week moving average has yet to break on the upside however. Trailing 4-week sales are 1.2% below their recent high (August 2009) and only 1.1% higher than last year’s depressed level.

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