Economic Statistics for 6 Mar 13
The following US economic statistics were announced today:
The MBA reports that mortgage applications surged by 14.8%, with both purchases and re-fis up 15.0%.
ADP reports that private payroll jobs increased by 198,000 last month, compared to a revised 215,000 in January.
New Orders for factory goods fell -2.0% in January, but that was sharply skewed by a drop in aircraft orders. Ex-transportation, orders rose 1.3%. Ex aircraft capital goods rose 7.2%.
The Fed’s Beige Book reports "that economic activity generally expanded at a modest to moderate pace since the previous Beige Book." Both the Boston and Chicago districts report slow growth. Price pressures remain moderate, according to the report.