Retail sales in the Chicago breadth grew at a faster clip during the third quarter, as the abridgement connected its aseptic recovery.
In the six-county Chicago burghal area, sales climbed 6.25 percent to $26.1 billion from $24.6 billion a year earlier, according to sales tax cancellation abstracts yzed by retail consultancy Melaniphy & Associates Inc. Sales in the burghal added at about the aforementioned rate, 6.32 percent, to aloof beneath $6 billion.
In the aboriginal half, sales added 5.1 percent.
For the aboriginal nine months of 2011, busline retail sales totaled $74.2 billion, up $3.9 billion or 5.5 percent from the year-earlier period. In Chicago proper, sales for the aeon totaled about $16.9 billion, an access of aloof added than $1 billion or 6.41 percent.
Sales jumped the best at auto dealers, gas stations and drugstores.
Car and gas sales added 13.3 percent in the advanced busline breadth to $5.74 billion, and 10.75 percent in the burghal to $682.4 million. Drugstores acquaint a about 10 percent accretion in the busline area, affairs in added than $4 billion. In Chicago, they climbed 15 percent to $991.2 million.
Sales at appliance and electronics retailers, meanwhile, fell 3.2 percent, to $1.3 billion in the busline area, while home advance food slipped bisected a allotment point to $1.18 billion. In Chicago, appliance and electronics managed to eke out a 0.9 percent access to $228.4 million, but home advance fell 4 percent to $197.9 million.
John Melaniphy, who authored the report, acicular out that spending was aerial in 2011 by consumers salting abroad beneath of their incomes; the accumulation amount alone from added than 5 percent of assets aftermost summer to 3.5 percent at year-end.
“Retail sales increases in 2011 showed that we are improving, admitting actual slowly,” he said in a statement. But he predicted customer spending in 2012 will be apathetic as apartment ethics abide low and job advance limited.
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