CHAIN STORE SALES / MITSUBISHI


Definition: The Mitsubishi Chain Store Sales index tracks same store sales (defined as chain stores open at least one year) of general merchandise retailers in these categories: Apparel, Building Supplies, Department, Discount, Drug, Electronic, Footwear, Furniture and Wholesale Club stores. The index is reported as a percentage change from one year ago.
Meaning: Chain store sales account for 15% of personal consumption or about one-third of non-auto retail sales. Analysts use the Mitsubishi index primarily to forecast consumer spending trends because it is released early in the month and before the retail sales report. Also, this index allows analysts to track what the consumer is purchasing and compare the sales of different kinds of retailers.
Weight: *
Source: Bank of Tokyo/Mitsubishi - Schroder Wertheim
Availability: Data is released the first week of the month, either on the first or second Thursday following the reference month
Frequency: Monthly
Coverage: Data is for the previous month (Data for June is released in July)
Volatility: High

Impact on the Markets:

Interest Rates: Chain Store Sales = Interest Rates
Chain Store Sales = Interest Rates
Fixed-income: Chain Store Sales = Bond Market
Chain Store Sales = Bond Market
Equities: Chain Store Sales = Stock Market
Chain Store Sales = Stock Market
Dollar: Chain Store Sales = Uncertain
Chain Store Sales = Uncertain
More Information:
Bank of Tokyo/Mitsubishi
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