The following US economic statistics were announced today:

In weekly retail sales, Redbook reports a 2.4% increase from the previous year. ICSC-Goldman reports a strong weekly sales increase of 4.3%, and a 3.5% increase on a year-over-year basis.

The Housing Market Index tose to 47, as homebuilders report the best conditions in more than five years.

The US current account deficit fell by $11 billion in the 3rd quarter, to -$107.5 billion. 

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Dale Franks
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