Economic Events on September 5, 2012

The Mortgage Bankers’ Association purchase index will be released at 7:00 AM Eastern time, providing an update on the quantity of new mortgages and refinancings closed in the last week.

At 7:45 AM Eastern time, the weekly ICSC-Goldman Store Sales report will be released, giving an update on the health of the consumer through this analysis of retail sales.

At 8:30 AM Eastern time, the Productivity and Costs report for the second quarter of 2012 will be released.  The consensus is that non-farm productivity increased by 1.9% in the last quarter and labor unit costs increased 1.4%.

At 8:55 AM Eastern time, the weekly Redbook report will be released, giving us more information about consumer spending.

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