Free Markets, Free People

Economic Statistics for 14 May 14

The MBA reports that mortgage applications rose 3.6% last week. Purchases were down -1.0% but re-fis rose 7.0%.

Producer prices rose 0.6% overall in April, with both goods and services prices up 0.6%. Ex-food and -energy, prices rose 0.5%. Less food, energy, and trade services, prices rose 0.3% On a year-over-year basis, the overall PPI is up 2.1%, with goods prices up 2.5% and services prices up 2.0%.

The Atlanta Fed’s Business Inflation Expectations survey shows inflation expectations in May are unchanged at 1.9%.

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