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retail sales: Economic Update In Plain English ~ 11-7-2011 - 11/07/11 09:55 AM
 
Last Week in the News
Retail sales rose 0.7% for the week ending October 29, according to the ICSC-Goldman Sachs index. On a year-over-year basis, retailers saw sales increase 3%.
The Institute for Supply Management reported that the monthly composite index of manufacturing activity fell to 50.8 in October after a reading of 51.6 in September. A reading above 50 signals expansion. It was the 27th straight month of expansion.
Total construction spending rose 0.2% to $787.2 billion in September, following an upwardly revised 1.6% increase in August. Economists had anticipated an increase of 0.3% in September.
The Mortgage Bankers … (0 comments)

retail sales: Economic Update - Re-Cap in Plain English ~ 01/18/10 - 01/18/10 10:13 AM
 
Last Week in the News
The Commerce Department reported the trade deficit grew 9.7% to $36.4 billion in November from a revised $33.2 billion in October. Economists had expected the trade deficit to widen to $34.5 billion. Exports increased 0.9%, the seventh consecutive monthly gain. The growth in U.S. exports is an indication the global economy is beginning to rebound.
The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications for the week ending January 8 rose 14% to 528.1. Purchase volume increased 0.8% to 213.7. Refinancing applications jumped 21.8% to 2,407.2.
Retail sales unexpectedly fell 0.3% in … (3 comments)

retail sales: Economic Update - Re-Cap in Plain English ~ 12/14/09 - 12/14/09 10:27 PM
Last Week in the News
Retail sales increased 1.3% in November, following a downwardly revised 1.1% increase in October. Excluding automobiles, retail sales rose 1.2%, the largest gain since January. Sales of building materials increased 1.5%, the biggest gain since April 2008.
According to the Federal Reserve, consumer credit debt fell in October by $3.51 billion, an annual rate of 1.7%. Economists had forecast that consumer debt would drop $9.3 billion. That’s a sign the financial crisis is easing as more households cautiously increase their purchasing activity.
The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications for the … (0 comments)

retail sales: Economic Update - Re-Cap in Plain English ~ 10/26/2009 - 10/26/09 10:55 AM
Last Week in the News
Existing home sales rose 9.4% in September to a seasonally adjusted annual rate of 5.57 million units from 5.1 million units in August. The increase was largely due to the tax incentive for first-time homebuyers.
According to the ICSC-Goldman Sachs index, retail sales rose 0.2% in the week ending October 17. On a year-over-year basis, retailers saw sales increase by 2.8%, the best showing in a year.
The producer price index, which tracks wholesale prices, rose 0.6% in September, following a 1.7% increase in August. For the year, wholesale prices are down 4.8%.
The Commerce Department … (0 comments)

retail sales: Economic Update - Re-Cap in Plain English ~ 09/21/2009 - 09/21/09 09:10 PM
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retail sales: Economic Update - Re-Cap in Plain English ~ 08/17/2009 - 08/17/09 11:09 AM
Last Week in the News
On Tuesday, August 11, the Labor Department said that productivity jumped at an annual rate of 6.4% in the second quarter of 2009. The increase was the biggest quarterly gain in nearly six years and follows a 0.3% increase in the first quarter.
The Commerce Department said wholesalers reduced their inventories by 1.7% in June, following a revised 1.2% drop in May. It was the 10th straight monthly decline. Sales at the wholesale level rose 0.4% in June and 0.2% in May. It was the first back-to-back increase in a year.
The trade deficit rose 4% … (0 comments)

 
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Julie Chroust, NMLS# 249458, Direct Lender & Mortgage Banker

Walnut Creek, CA

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Julie Chroust, Prospect Mortgage, Walnut Creek, CA

Address: 1910 Olympic Blvd,, Suite 120, Walnut Creek, CA, 94596

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