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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%.

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Dale Franks
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