Key Economic Indicators – October 7, 2013

  • Due to the lapse in government funding of official data sources, there were only a handful of releases during the week.
  • The advance figure for initial claims for unemployment insurance increased a thousand to 308 thousand in the week ending September 28th.
  • The results of Freddie Mac’s Primary Mortgage Market Survey of October 3rd showed average fixed mortgage decreasing for the third consecutive week. The 30-year fixed mortgage rate averaged 4.22% for the week ending October 3, down from last week when it averaged 4.32%.
  • Mortgage applications increased 5.5% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending September 27th.
  • The Institute for Supply Management’s (ISM) manufacturing survey indicated that the manufacturing sector expanded in September for the fourth consecutive month, and the overall economy grew for the 52nd consecutive month.
  • In September, the Institute for Supply Management’s (ISM) non-manufacturing survey results indicated growth in the non-manufacturing business activity (exceeded  50.0%) for the 45th consecutive month.

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