Economic Statistics for 4 Jan 12
Today’s economic statistical releases:
Factory orders rose 1.8% in November, mainly on aircraft orders. Ex-transportation, orders rose 0.3%.
A short week and seasonal adjustments aside, the MBA reports that mortgage activity declined, as mortgage applications fell by -3.7%. Purchase applications fell a steep -9.7%, while re-finance apps dropped by -1.9%.
In weekly retail sales, ICSC-Goldman Store Sales rose a strong 1.2% over the last week, and 5.3% over last year. Likewise, Redbook reports a year-over-year same-store sales increase of 4.9%.