Free Markets, Free People

Economic Statistics for 24 Jun 15

The final revision to 1st Quarter GDP was to a -0.2% annualized decline, while the GDP Price index was revised to 0.0%.

Corporate profits in the 1st Quarter were revised down slightly to $1.891 trillion, up a year-on-year 9.0% from the initial report of 9.2%.

The MBA reports that mortgage applications rose 1.6% last week, with purchases up 1.0% and refis up 2.0%.

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