Michigan Retail Index January 2010 results Index figures dating to July 1994 are available at www.retailers.com/news/retailindex.html January Performance Retailers reporting increased, decreased or unchanged sales, inventory, prices, promotions and hiring compared to the same month a year ago (numbers in parentheses indicate December results) % Increased % Decreased % No Change Index* Responses Sales 42 (40) 47 (44) 11 (16) 49.9 (47.8) 135 (136) Inventory 14 (16) 47 (52) 39 (32) 39.2 (31.6) 135 (136) Prices 22 (21) 10 (12) 68 (67) 56.2 (54.4) 134 (135) Promotions 32 (47) 10 ( 5) 58 (48) 64.0 (71.1) 135 (135) Hiring 9 ( 5) 19 (17) 72 (78) 50.4 (44.1) 135 (136) Outlook for Next 3 Months Retailers expecting increased, decreased or unchanged sales, inventory, prices, promotions and hiring compared to the same period a year ago (numbers in parentheses indicate December results) % Increased % Decreased % No Change Index* Responses Sales 49 (42) 29 (28) 22 (30) 61.8 (57.1) 135 (134) Inventory 28 (25) 25 (29) 47 (46) 53.2 (48.1) 135 (135) Prices 21 (33) 5 ( 9) 74 (58) 59.9 (61.9) 135 (135) Promotions 38 (39) 6 ( 5) 56 (56) 67.5 (67.4) 135 (135) Hiring 10 ( 8) 11 (14) 79 (78) 51.6 (47.0) 133 (134) January Sales Performance & Outlook for Next 3 Months, by Region (the first number indicates sales performance for the month; the number in parentheses indicates outlook for the next three months.) % Increased % Decreased % No Change North 27 (47) 63 (33) 10 (20) West 47 (56) 47 (19) 6 (25) Central 43 (52) 38 (29) 19 (19) East 82 (73) 18 ( 9) 0 (18) Southeast 40 (47) 53 (40) 7 (13) Question of the Month What is your current projection for your sales growth in 2010? Negative Zero 0-10% More than 10% 13% 25% 48% 14%*Seasonally adjusted diffusion index. A diffusion index, which is the sum of the percent of respondents indicating increase and half the percent indicating no change, is calculated and then seasonally adjusted using the U.S. Census Bureau's X-11 Seasonal Adjustment procedure. Index values above 50 generally indicate an increase in activity, while values below 50 indicate a decrease.
Contact Information: Contact: Tom Scott 517.372.5656