US DATA: Oct Richmond Fed services revenues index -8.

US DATA: Oct Richmond Fed services revenues index -8 vs -4, and
retail rev index -8 vs -10. Mfg text says “Manufacturing activity in the
central Atlantic region continued to contract in October, according to
the Richmond Fed’s latest survey. The index of overall activity remained
at last month’s level with all broad indicators – shipments, new orders,
and employment – landing in negative territory. Continued softness was
also evident in most other indicators. District contacts reported more
moderate weakness in backlogs and capacity utilization, but noted that
delivery times and raw materials inventories grew at a somewhat quicker
pace.” Mfg Employment index fell 14 pts to -7, its first negative
reading since Sept’10.