Free Markets, Free People

Economic Statistics for 15 Oct 12

The following US economic statistics were announced today:

US retail sales for September rose a better-than-expected 1.1%. Ex-autos, sales were still up 1.1%, and Ex-autos and –gas, up 0.9%.

The Empire State manufacturing index rose from -10.41 to -6.16 for the month, as the ongoing contraction in business conditions eased.

Business inventories rose 0.5% in August versus a 0.6% rise for business sales which kept the stock-to-sales ratio unchanged at 1.28.

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Dale Franks
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