Free Markets, Free People
Economic Statistics for 24 Jan 12
Today’s economic statistical releases:
The week has started slowly, as there were no releases yesterday, and only minor releases today.
Retail sales, as reported by Redbook, have slowed substantially in January, as last week was…weak, and so is this week, with the year-on-year same-store sales rate falling 0.5% 2.8%. ICSC-Goldman Store Sales also fell steeply, down -1.4% from last week, and up only 2.8% from last year.
The Richmond Fed index rose strongly from last month’s 3 to 12 this month, indicating expanding growth in the richmond district’s manufacturing sector.