Economic statistics for 14 Oct 11
Today’s economic statistical releases:
Retail sales in September were much stronger than expected, rising 1.1%, and 0.6% less autos.
Export prices were up 0.4% last month, while import prices rose by 0.3%. On a year-over-year basis, import prices rose 13.4%, while export prices rose 9.5%.
Despite strong retail sales, consumer sentiment continued to slide last month, with the index dropping to 57.5.
Business inventories rose 0.5% August, in line with sales, while the stock-to-sales ratio remained unchanged at 1.28.