
Mixed data today with retail sales disappointing, inventories building moderately and the Ceridian pulse Index barely budging.
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Mixed data today with retail sales disappointing, inventories building moderately and the Ceridian pulse Index barely budging.
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Today’s economic statistical releases are limited to retail sales numbers for the past week. Redbook and ICSC Goldman both show a lull in retail sales.
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The big story is Q3 GDP has been revised downward.
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The Producer Price Index, Retail Sales and the Empire Sate manufacturing Index were all released today...
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The NFIB Small Business Optimism Index came roaring back this month rising 1.3 points to a still depressed 90.2.In the weekly retail sales numbers, ICSC-Goldman reports same-store sales rose 1%, though the year-on-year rate dropped to 2.7%. Redbook, meanwhile, says year-on-year sales slowed significantly to 3.1%.
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Today's economic calendar is fairly full, so let's get cracking...
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Year-on-year total sales for the chain-store group are looking a little weak at 5%, and many chains are reducing sales and earnings guidance as a result.Initial unemployment claims were 401,000 for the week, showing little change from the same period last month.The Bloomberg Consumer Comfort Index rose to -50.2 last week, up from -53.0.
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ICSC-Goldman reports stronger chain store sales, rising 0.1% for a 3.7% year-on-year increase, up 1% from last week. Meanwhile Redbook reports a slight drop in sales, to a same-store year-on-year rate of plus 4.1%...
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Back to school shopping has been weak, the ECRI EWeekly Leading Index,Mortgage Applications and Housing starts came in weak. On the lighter side, the legend of the michigan dog and looking at deforestation.
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Bad news for the monolines. FGIC just got downgraded today to AA. That pretty much puts them out of the business of insuring municipal bonds. NYS Commissioner of Insurance has suggested splitting the Muni bond business from the rest of the insurers. FGIC seems to now think that isn’t a bad idea. Of course,...
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