Free Markets, Free People


Economic Statistics for 20 Nov 13

The MBA reports that mortgage applications fell -2.3% last week, with purchases up 6.0% but refinancings down -7.0%.

Consumer prices fell -0.1% in October, but rose 0.1% ex-food and -energy. On a year-over year basis, the CPI is up 0.9% overall, and 1.7% at the core level.

Business Inventories rose 0.6% in September. With a 0.2% rise in sales, the stock-to-sales ratio was unchanged at 1.29 for the fifth consecutive month.

Existing Home Sales fell -3.2% in October, to a 5.12 million annual rate. On a year-over-year basis, sales are up 6.0%.


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