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Economic Statistics for 5 Dec 12

The following US economic statistics were announced today:

The MBA reports that mortgage applications rose 4.5% last week, with purchases up 0.1% and refinancings up 6.0%.

The ADP Employment Report is forecasting a rise of 118,000 net new jobs in November, down from 157,000 in October.

Nonfarm productivity was revised up to a 2.9% annualized rate for the 3rd quarter, while unit labor costs fell -1.9%.

Factory orders rose a stronger-than-expected 0.8% in October, and ex-transportation orders were up and even stronger 1.3%.

The ISM Non-Mfg Index shows activity picking up, as it increased nearly a full point to 54.7. 

Dale Franks
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