Free Markets, Free People
Economic Statistics for 9 May 12
The following statistics were released today on the state of the US economy:
In wholesale trade, inventories rose 0.3% in March, and sales rose 0.5%, resulting in an unchanged stock-to-sales ratio of 1.17.
MBA reports mortgage applications rose 1.7%, with the purchase index up 3.4%, and refinancing index up 1.3%.