The following US economic statistics were announced today:

The Richmond Fed manufacturing index for September dropped sharply to a very contractionary –7 from 4 in September.

In retail sales, Redbook reports a weak 1.3% year-on-year sales increase, as the trend continues to decline. ICSC-Goldman reports a decrease of –0.7% over last week, and a flat 2.9% over last year.

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Dale Franks
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