Economic Statistics for 8 May 12
The following statistics were released today on the state of the US economy:
The NFIB Small Business Optimism Index jumped two points in April to 94.5, the best reading in a year.
In retail sales, ICSC-Goldman Store Sales fell -0.8% last week, and the year on year sales rate fell to 3.3%. Meanwhile, Redbook is also very soft, with the year on year sales rate falling to 2.6%.