THE BASIS POINT

ADP Private Jobs Growth Slows.

 

MBA Mortgage Applications (week ended 8/19/016)

– Purchase Index Week/Week +1.0%. Previous weeks were -0.3%, -4.0%, +3.0%, -2.0%, -3.0%, -2.0%, +0.0%, +4.0%, -3.0%, -2.0%, -5.0%, +12.0%, and -5.0%.
– Refinance Index Week/Week +4.0%. Previous weeks were -3.0%, +10.0%, -3.0%, -15.0%, -1.0%, +11.0%, +21.0%, -2.0%, +7.0%. -1.0%, +7.0%, -4.0%, and +0.4%.
– Composite Index Week/Week +2.8%. Previous weeks were -2.1%, +7.1%, -3.5%, -11.2%, -1.3%, +7.2%, +14.2%, -2.6%, +2.9%, -2.4%, +9.3%, and -4.1%.

 

ADP Private Jobs Report (August 2016)

– Private Jobs +177,000. Previous was +194,000

 

Chicago PMI (August 2016)

– Business Barometer Index 51.5. Previous was 55.8.

Still growing but at a slower pace.

 

Pending Home Sales Index (July 2016)

– Pending Home Sales Index month/month +1.3. Previous revised down to -0.8%

This come from The National Association of Realtors and is supposed to be a leading indicator of Existing Home Sales.

 

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