Retailers of appliances and electronics in the U.S. are expected to grow sales of those products by $953 million in June, July, and August, according to an analytics-based forecast produced by IBM. The forecast represents a 4% increase compared with the same period last year.
• June 2009 (actual): $7.791 billion
• July 2009 (actual): $7.740 billion
• August 2009 (actual): $8.131 billion
• 3-month total (actual): $23.662 billion
• June 2010 (forecast): $8.034 billion
• July 2010 (forecast): $8.069 billion
• August 2010 (forecast): $8.512 billion
• 3-month total (forecast): $24.615 billion
In producing the forecast, IBM uses economic data gathered by the U.S. Census Bureau. The data is derived from a survey of retail establishments engaged in electronics and appliances as their major line of business. Products include TVs, cell phones, personal computers and tablet computers, radios and stereos, refrigerators, dishwashers, ovens, and other devices. The IBM forecast is produced using statistical and analytical software to evaluate both the long-term sales trend and seasonal peaks.
Back to Breaking News