The following statistics were released today on the state of the US economy:

In retail sales, Redbook reports a strong 3.6% year-on-year same store sales increase for the latest week. ICSC-Goldman Store Sales show a strong 0.9% weekly sales increase, with the year-on-year rate rising to 3.3%.

Housing starts were weaker than expected in February, coming in at a 698,000 annual rate. Permits were higher than expected at 717,000 annualized.

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Dale Franks
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