In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
- Third estimate of fourth quarter 2011 GDP remains at 3.0%
- Initial unemployment claims fall by 5,000 in latest survey
- Durable goods orders rise again by 2.2% as inventories also rise by 0.4%
- Mortgage applications decline as refinance activity continues to soften; purchase loan activity still rises by 3.3%
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