Consumer Spending Flat

Summary of Friday’s fundamentals (forgot to click ‘publish’ yesterday!).

Personal Income & Outlays (May 2012)
– Personal Income, Month/Month 0.2 %
– Consumer Spending, Month/Month 0.0 %

– PCE Inflation Index, Month/Month -0.2 %
– Core PCE Inflation index, Month/Month 0.1 %
– PCE Inflation Index, Year/Year 1.5 %
– Core PCE Inflation index, Year/Year 1.8 %

– PCE (Personal Consumption Expenditures) is an inflation index measuring the prices of goods and services targeted toward and consumed by individuals.

The dead flat Consumer Spending is of concern. Consumer Spending and investments drive the economy.

Consumer Sentiment (June 2012)
– UMichigan Consumer Sentiment 73.2. Previous was 74.1.