Free Markets, Free People

Economic Statistics for 4 Mar 15

The MBA reports that mortgage applications rose 0.1% last week, with purchases down -0.2% and refis up 1.0%.

ADP’s employment report estimates that 212,000 new private-payroll jobs were created in February.

Gallup’s U.S. Job Creation Index rose 1 point in February, to 29.

The US Services Purchasing Managers’ Index rose 2.9 points to 57.1 in February.

The ISM’s non-manufacturing index rose 0.2 points, little changed at 56.9.

The Fed’s Beige Book describes current economic expansion as “moderate.” Inflation is seen as flat. Consumer spending is up most Districts. 

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