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Economic Statistics for 9 May 12

The following statistics were released today on the state of the US economy:

In wholesale trade, inventories rose 0.3% in March, and sales rose 0.5%, resulting in an unchanged stock-to-sales ratio of 1.17.

MBA reports mortgage applications rose 1.7%, with the purchase index up 3.4%, and refinancing index up 1.3%.

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Dale Franks
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