ICSC-Goldman Store Sales (week ended 10/20/2012)
Store Sales – Week/Week -0.7 %
Store Sales – Year/Year 2.9%
Redbook (week ended 10/20/2012)
Store Sales Year/Year 1.3%
The week/week dip in ICSC may be largely to do with gas prices. The Year/Year numbers are still indicative of modest growth.
Richmond Fed Manufacturing Index (October 2012)
Index level was -7. Previous was +4.
Manufacturing Indices have been weak this month. Factory Orders were -5.2% in August. Empire State Manufacturing Index was -6.16 after a previous -10.41.
A two day FOMC meeting begins today. With the Dow down 236 at 7:55 AM PDT the timing is poor for any words from the Fed to generate enthusiasm.