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Economy: Wholesale Prices, Retail Sales, Recession, Stock Market #125252

ABC Evening News for Friday, Oct 12, 1990
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(Studio: Peter Jennings) Rise in monthly wholesale prices cited.

(Washington: Stephen Aug) Loss of consumer confidence in economy and possibility of a recession examined; retail sales figures cited. [University of Michigan professor Richard CURTIN - says events in Middle East have affected consumer confidence.] [Four CONSUMERS - comment on their buying habits.] [Kurt Salmon and Associates William FLATLEY - cites cutbacks in buying of men's clothing.]

(Studio: Peter Jennings) Oil prices outlined on screen. Report that Saudi Arabia plans to increase its oil production to make up for losses from Iraq and Kuwait noted. "Stock Market Report".

Aug, Stephen;
Jennings, Peter

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