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Economic Statistics for 15 Oct 12

Published October 15, 2012 | By Dale Franks

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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Posted in Dale Franks, Economy | Tagged Economic statistics

2 Responses to Economic Statistics for 15 Oct 12

tkc says:

October 15, 2012 at 07:39

About those retail sales…
http://www.zerohedge.com/news/2012-10-15/september-retail-sales-seasonal-vs-non-seasonal-spot-difference
In short:

After all the $4.7 billion seasonal increase in headline retail sales was the second highest ever (in absolute terms, second only to 2004). Turns out our curiosity was an enthusiasm-dowsing mistake, as a number which on the surface looked good, was hardly validated by the Not-Seasonally Adjusted number, which plunged by $31.9 billion.
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