The Ceridian-UCLA Pulse of Commerce IndexTM was up only 0.1% in November, a result that comes as a bit of surprise after the strong retail sales that occurred in October and again manifested during and after "Black Friday." UCLA Anderson Forecast Director Ed Leamer, who also serves as chief economist for the @CeridianIndex, says that:
"This suggests that retailers are going in to December's high-volume sales period with relatively low inventories. You shoppers out there might expect sales that are not so aggressive, not the greatest prices and a lot less merchandise for after Christmas sales. That still could be good for retailers who will have a high-price/low-volume December because prices will be so high they might make a pretty good rate of return on their sales (this) Christmas.
You can view Leamer's entire commentary on the November @CeridianIndex release in the video above, it includes commentary on GDP.
For more on the November Ceridian-UCLA Pulse of Commerce index, click here.