US DATA: NABE Oct industry survey (conducted Sept 28-Oct 9 with 67
responses) has 45% reporting unch sales and 58% reporting unch profit
margins. Text: “suggests continued flatness in sales, profit margins,
and employment, as well as expectations of moderately slow real GDP
growth. Inflationary pressures are largely flat, but are exhibiting some
increase relative to the last survey. The negative impact of the
European crisis has lessened, although panelists continue to be
concerned about its future impact, as well as impact of” fiscal cliff.
See MNI Main wire.