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.