Economic Statistics for 1 Feb 12 (Update)
Today’s economic statistical releases:
The Mortgage Bankers Association reports that home purchase applications fell -1.7% and re-fis fell -3.6%, bringing the composite down -2.9%.
The ADP Employment Report largely met expectations, showing an increase of 170,000 new jobs for January.
UPDATE: Motor vehicle sales were released this afternoon. Vehicle sales jumped to a 14.2 million annual rate in January for a 5% gain over last month. For the first time in 9 months car sales outpaced truck sales, and were up 13% to a 7.4 million annual rate. Truck sales fell -4% to an annual 6.8 million annual rate.