Free Markets, Free People
Economic Statistics for 15 Oct 12
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.