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Economic Statistics for 22 Jan 14

Today gives us the first statistics of a very sparse week in the economic calendar.

The MBA reports that mortgage applications rose 4.7% last week, with purchases down -4.0% but refinancings up 10.0%.

In weekly retail sales, Redbook reports a 3.1% increase from the previous year. ICSC-Goldman reports a weekly sales drop of -1.9%, and only a 0.9% increase on a year-over-year basis.

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