TITLE

Retail Trade - General Merchandise

PUB. DATE
October 2002
SOURCE
U.S. Industry Quarterly Review: Retail, Wholesale Trade;2002 4th Quarter, p125
SOURCE TYPE
Industry Profile
DOC. TYPE
Industry Overview
ABSTRACT
The article presents information on retail and wholesale trade. The real stock of retail inventories is forecast to decline roughly 0.5% during the first half of 2003 because of the expected decrease in sales after the holiday shopping season. After falling during all four quarters in 2001, the real stock of retail inventories began to accumulate in 2002, as aggressive price discounting schemes began to have less of an effect on consumers. Demand for retail goods is governed by consumer spending, which is itself a function of several factors, namely, consumer confidence, income growth and debt levels, with confidence acting as the catalyst. The consumer price index (CPI) rose a modest 0.1% in December on a seasonally adjusted basis. Over the past 12 months, the CPI is up 2.4%, still about the same as the rate it exhibited late in 2001.
ACCESSION #
14620620

 

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