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Economic Statistics for 26 Mar 14

The MBA reports Mortgage applications fell -3.5% last week. Purchases were up 3.0% but re-fis fell 08.0%.

Durable goods orders rose an ostensibly strong 2.2% in February, but were only up 0.2% less transportation orders. On a year-over-year basis, Orders are up 0.2% overall, and up 1.5% less transportation orders.

The Purchasing Managers’ Index (PMI) US Services Flash for March rose from 52.7 to 55.5.

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