Some Positve Fundamentals Today.

Personal Income and Outlays (January 2014)

– Personal Income Month/Month  +0.3%. Previous was revised to +0.0%

– Consumer Spending Month/Month +0.4%. Previous was revised to +0.1%

– PCE Price Index Month/Month  +0.3%. Previous was revised to -0.1%

– Core PCE price index  Month/Month +0.1%

– Personal Income Year/Year +4.1%. Previous was revised to -0.7%

– Consumer Spending Year/Year +3.5%. Previous was revised to +3.2%

– PCE Price Index Year/Year +1.2% – Core PCE price index Year/Year +1.1%

PCE is a measure of inflation for consumer spending.

Some of the increase in Personal Outlays resulted from increased spending on health care consequent to the Affordable Care Act

PMI Manufacturing Index (February 2014)

– Index level 57.1. Previous was 53.7

ISM Manufacturing Index  (February 2014)

– Index level 53.2. Previous was 51.3

Construction Spending (January 2014)

– Construction Spending Month/Month +0.1%. Previous was +0.1%.