Mixed Signals- Sales & Sentiment Recover, but Moving Averages Show Growth Slowing
“If slowing growth today means Sales 12% above the prior five years’ average sales for July, we’ll take it.” 2019 has been a very strong year for Sales. July’s recovery to 132, while not sufficient to keep the 3-month moving average above the 12-month moving average, is still a remarkable 12.4 percent increase for sales compared to the five year average of monthly sales for July.