Government Shutdown Sends SSS Tumbling

U.S. same store sales for the week ending October 12 decreased sharply from the week prior in what is one of the early signs of the effect of the federal government shutdown. Both weekly reports note weakening sales across all components. Redbook maintains a more optimistic outlook than ICSC-Goldman though citing cooler temperatures as a driver of seasonal shopping.

The ICSC-Goldman store sales index is now up 1.0% year over year from up 1.8% Y/Y the week prior.

The Redbook store sales index is now up 3.2% year over year from up 3.3% Y/Y the week prior.

government shutdown


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Floating Path
Floating Path explores economic and cultural phenomena. Floatingpath hopes to educate, inspire and provoke.