Economic Statistics for 10 Apr 12
A compressed week of economics data begins with today’s retail sales numbers, as Redbook reports a 4.1% year-on-year sales increase, while ICSC-Goldman reports a 0.5% increase for the week, and 4.5% for the year.
The NFIB Small Business Optimism Index unexpectedly dropped almost two points to 92.5 last week. Analysts had expected an increase.
Wholesale inventories increased by 0.9% in February, but a 1.2% increase in sales left the stock-to-sales ratio unchanged at 1.17.
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Dale Franks
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Meanwhile, in Europe, the debt crisis rears its ugly head again. Both Italy and Spain are on the hot seat now.
Stock market is no free fall as I write this,
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