![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjz8u-DFxyK7BbO-jF5m4-zsDQyeo6syw1fp_lyyf292epmxSPESFZ14eEbP8bPPeNix4VExhH_LnFDIVx_Cp_lqzlpVdB17ecHVqDVz6VB5DjqWGhaYb5c6zLlYV4bbuUgN2WyhONbxc4/s320/emptypockets.jpg)
Nominal "discretionary" retail sales including home furnishings, home garden and building materials, consumer electronics and department store sales increased 0.47% from December and increased 4.86% above the level seen in January 2011 while, adjusting for inflation, “real” discretionary retail sales increased 2.23% over the same period.
The following chart shows the year-over-year change to nominal discretionary retail sales and the year-over-year change to nominal the S&P/Case-Shiller Composite home price index since 1993 and since 2000.
Looking at the chart below (click for full-screen dynamic version), adjusted for inflation (CPI for retail sales, CPI “less shelter” for S&P/Case-Shiller Composite) the “rough correlation” between the year-over-year change to the “discretionary” retail sales series and the year-over-year S&P/Case-Shiller Composite series seems now even more significant.
Tidak ada komentar:
Posting Komentar