Free Markets, Free People
Economic Statistics for 9 Oct 12
The following US economic statistics were announced today:
The NFIB Small Business Optimism Index dropped more than a point to 92.8, which is generally regarded as a recessionary reading.
In weekly retail sales, Redbook reports a year-on-year sales growth rate of a below trend 1.6% in the latest week. ICSC-Goldman reports slightly better sales, with weekly sales growth at 0.2%, and year-over-year growth at 2.8%.