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Economic Statistics for 20 Nov 12

The following US economic statistics were announced today:

In weekly retail sales, Redbook reports a lackluster 1.8% increase from the previous year. ICSC-Goldman reports a weekly sales decline of -0.3%, and a weak 2.5% increase on a year-over-year basis.

Housing starts rose 3.6 percent in October to an annual pace of 894,000. Building permits, an indicator of future construction activity, fell 2.7% to an annual pace of 866,000.

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Dale Franks
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