US CHAIN STORE SALES AT THE WALL AGAIN

US chain store sales were unchanged in the last 2 weeks, resting against the $515 level that has held 3 times in the last 12 months. The good news may be that sales have yet to suffer from rising gas and food prices. The 4-week moving average is up 3.0% YoY. Of course, Easter being in late April this year vs March last year, YoY growth rates will hurt in coming weeks.

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