Free Markets, Free People

Daily Archives: June 5, 2013

Economic Statistics for 5 Jun 13

Here are today’s statistics on the state of the economy:

The ISM Non-Manufacturing Index rose 0.6 points to 53.7 in May.

The MBA reports mortgage applications fell -11.5% last week, with purchases down -2.0% and re-fis down -15.0%.

The ADP Employment Report shows an increase of 135,000 private payroll jobs in May, still a fairly weak number.

The Commerce Department’s final reading on 1st quarter productivity wqas revised down to 0.5% annualized, with unit labor costs down -4.3%.

Factory Orders for April rose a weaker-than-expected 1.0%, only a partial clawback from March’s drop of -4/0%.

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Dale Franks
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