March 4, 2010 December 2009 Retail Sales
General merchandise shopping (Costco, WalMart, etc) in December 2009 was up 13% from the same month 2008. Overall December’s sales were only down 2.5% from 2008, but the above graph illustrates some interesting trends.
- Auto sales have flattened, but are still down 25% from 2007
- Possibly due to declining new car sales, auto repair and service sales are up 50% from 2008
- Wholesale durables still down significantly from 2007
- Grocery and restaurant sales are down, but have been fairly stable through the last three years.