The February 2003 Retail Executive Opinion Index (RSPI), from the National Retail Federation (NRF) and the Bank of Tokyo-Mitsubishi, jumped to a reading of 42.9 percent, up from 31.9 percent in January. In evaluating retail executives’ evaluations of monthly sales, customer traffic, the average transaction per customer, employment, inventories, and a six-month-ahead sales outlook expectation.
The RSPI is based on a scale of 0% – 100% with 50% equaling normal.
The most encouraging reading, according to the NRF, comes with the Demand Outlook, which improved to 45.8 percent from 29.7 percent for the prior month, representing strong expectations for the next six months.
The RSPI is based on a scale of 0% – 100% with 50% equaling normal.
The most encouraging reading, according to the NRF, comes with the Demand Outlook, which improved to 45.8 percent from 29.7 percent for the prior month, representing strong expectations for the next six months.
- KC's View:
