Economic Statistics for 6 Dec 11
Today’s economic statistical releases are limited to retail sales numbers for the pas week. Redbook and ICSC Goldman both show a lull in retail sales. Redbook reports retail sales are up 3.2% from last year, while ICSC-Goldman reports a drop of -2.3% for the week, up 3.8% for the year. Redbook explains the lull by saying that shopping patterns have "intensified" for the holiday season, in that people go out for big bargains on Black Friday, then wait until the last minute before buying Christmas gifts, causing a drop in shopping in early December.