Richmod Fed

Store Sales Mixed, Manufacturng Declines, Bad Timing for FOMC.

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