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Economic Statistics for 11 Apr 12 (Updated)

The following statistics were released today on the state of the US economy:

MBA Purchase Applications slipped -2.4% for the week, as purchase apps declined by -0.5% and refinance apps fell by -3.1%.

Export prices rose 0.8% for the month, and were 0.9% higher for the year. Import prices rose 1.3% for the month, and were 3.4% higher than a year ago.

UPDATE: The Fed’s Beige Book was released this afternoon. It reports the economy continued to grow at a "modest to moderate pace", but rising energy costs are a growing concern. The Beige Book is compiled as an overall look at economic conditions. It’s used by the Federal Open Markets Committee when setting interest rate policy at their meetings.

Dale Franks
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