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March 13, 2010

Old and busted: The Dec/Jan retail sales boom
The New Hotness: ...meh, not so much...

The Department of Commerce just release some new lies to replace the old and stale lies.(PDF doc)

The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for February, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $355.5 billion, an increase of 0.3 percent (±0.5%)* from the previous month and 3.9 percent (±0.5%) above February 2009. Total sales for the December 2009 through February 2010 period were up 4.5 percent (±0.3%) from the same period a year ago. The December 2009 to January 2010 percent change was revised from +0.5 percent (±0.5%)* to +0.1 percent (±0.3%)*.
When your figures are off by say up to 30% people don't raise too many eyebrows, but when you've blown it by several hundred percent, methodology has to come into question.

REVISED is the new UNEXPECTED

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posted by Purp at 09:27 AM

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