Thursday, March 12, 2009

How Can an 8.6% Drop in Retail Sales be a Positive News Alert?

Marketwatch reports:

Retail sales dropped 0.1% on a seasonally adjusted basis in February, better than the 0.4% decline expected by economists surveyed by MarketWatch. January's sales gain was revised much higher, to a 1.8% gain from the 1% increase estimated a month ago. Sales are down 8.6% in the past year and had declined for a record six straight months before January's surprising gain. Sales had plunged 3.1% in December.
While certainly not pretty...


The second derivative is turning positive (i.e. things are getting "less worse")...


And that is something we can all get behind...

Source: Census