Economic Statistics for 26 Jun 13
Here are today’s statistics on the state of the economy:
The Commerce Department’s 3rd GDP revision for the 1st Quarter was slashed to 1.8% annualized from the second revision’s 2.4%. The GDP price index was revised upwards slightly to 1.2%.
1Q corporate profits were revised up to 1.75 trillion from the previous 1.738 trillion. This is still below the 4Q’s $1.774 trillion.
The MBA reports mortgage applications fell -3.0% last week, with purchases up 2.0% but re-fis down -5.0%.