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Economic Statistics for 12 Sep 12

The following US economic statistics were announced today:

The MBA reports a big 11.1% surge in mortgage applications for last week, with purchases up 8.0% and re-fis up 12.0%.

Export prices rose 0.9% in August, while import prices rose by 0.7%. On a year-over-year basis, export prices fell -0.9%, while import prices fell -2.2%.

Wholesale inventories continue to rise relative to sales, up 0.7% in July, while the stock to sales ratio rose to 1.21, the third straight increase and the highest of the recovery.

Dale Franks
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