The following US economic statistics were announced today:

In weekly retail sales, Redbook reports a very disappointing 2.1% increase from the previous year. ICSC-Goldman reports a weekly sales plunge of -4.2%, but a confusing 4.0% increase on a year-over-year basis, giving a very mixed picture.

Consumer credit rose strongly once again, up $16.0 billion for November, following $14.2 billion and $12.0 billion increases in October and September, respectively.

The NFIB Small Business Optimism Index rose 0.5 points in December to a still very low and recessionary 88.0.

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Dale Franks
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