Economic Statistics for 10 Jan 11
Today’s economic statistical releases:
The NFIB Small Business Optimism Index rose for a 4th straight month by 1.8 points to 93.8.
Inventory build corrected sharply in November wholesale trade, increasing only 0.1% as businesses kept their inventories in check.
In weekly retail sales: ICSC-Goldman Store Sales plunged -5.4% in the Jan 7 week, with Year on year sales growth only 2.8%. Redbook also reports a strong sales decline, with the year-on-year rate falling from 4.9% to 3.3% last week.