Tom Blumer of the Newsbusters web site notes that the business media has reported the August retail sales figures in widely different ways.
An Associated Press story called the results weak, while the Dayton Business Journal said in its story that they “surged” during the month.
Wrote Blumer: “How can this be? Although looking at monthly results is important, the second article covers year-ago comparisons that the AP chose not to report on. 6%-plus year-over-year retail sales increases are way ahead of inflation (to be fair, the Dayton paper should have indicated immediately that the 6% was a year-over-year figure). Since July was so strong, it’s not surprising that there was a bit of a breather in August.
“The second report is the better bet. Too bad most people will only see or hear about the first one.”
OLD Media Moves
August retail sales: Good or bad?
September 14, 2006
Tom Blumer of the Newsbusters web site notes that the business media has reported the August retail sales figures in widely different ways.
Wrote Blumer: “How can this be? Although looking at monthly results is important, the second article covers year-ago comparisons that the AP chose not to report on. 6%-plus year-over-year retail sales increases are way ahead of inflation (to be fair, the Dayton paper should have indicated immediately that the 6% was a year-over-year figure). Since July was so strong, it’s not surprising that there was a bit of a breather in August.
“The second report is the better bet. Too bad most people will only see or hear about the first one.”
Read more here.
Media News
Onanuga joins Yahoo Finance UK as homepage editor
September 7, 2024
Media News
Temperton joins Logic as deputy ME
September 7, 2024
Media News
Upstate Biz Journal unveils redesign
September 5, 2024
Media News
STAT News taps Lawrence to cover the FDA
September 5, 2024
Full-Time
Dallas Morning News seeks a breaking biz news reporter
September 5, 2024
Subscribe to TBN
Receive updates about new stories in the industry daily or weekly.