Wholesale Trade Modestly up.

MBA Mortgage Applications (week ended 10/28/2016)

– Purchase Index Week/Week +1.0%. Previous weeks were -0.4%, -7.0%, +3.0%, -3.0%, -0.1%, +1.0%, -7.0%, +9.0%, +1.0%, +1.0%, -0.3%, -4.0%, and +3.0%.
– Refinance Index Week/Week -3.0%. Previous weeks were -2.0%, -2.0%, -1.0%, -8.0%, +5.0%, -2.0%, -8.0%, +2.0%, +1.0%, +4.0%, -3.0%, +10.0%, and -3.0%.
– Composite Index Week/Week -1.2%. Previous weeks were -1.2%, -4.1%, -0.6%, -6.0%, +2.9%, -0.7%. -7.3%, +4.2%, +0.9%, +2.8%, -2.1%, and +7.1%.

 
Wholesale Trade (September 2016)

– Inventories month/month +0.1%. Previous was -0.1%.

This is a component of GDP and had been weak the past several months.