Economic Statistics for 12 Sep 12
The following US economic statistics were announced today:
The MBA reports a big 11.1% surge in mortgage applications for last week, with purchases up 8.0% and re-fis up 12.0%.
Export prices rose 0.9% in August, while import prices rose by 0.7%. On a year-over-year basis, export prices fell -0.9%, while import prices fell -2.2%.
Wholesale inventories continue to rise relative to sales, up 0.7% in July, while the stock to sales ratio rose to 1.21, the third straight increase and the highest of the recovery.