THE BASIS POINT

Pending Home Sales up.

 

Personal Income and Outlays (February 2015)

– Personal Income month/month  +0.4%. Previous was +0.4%.
– Consumer Spending month/month +0.1%. Previous was -0.2%.
– PCE Price Index month/month  +0.2%. Previous was -0.4%.
– Core PCE price index month/month +0.1%. Previous was +0.1%.
– Personal Income year/year +4.5%. Previous was +4.7%.
– Consumer Spending year/year +3.3%. Previous was +3.7%.
– PCE Price Index year/year  +0.3%. Previous was +0.2%.
– Core PCE price index year/year  +1.4%. Previous was +1.3%.

The notable thing lately has been that Personal Income is Increasing while Personal Spending is flat.

 

Pending Home Sales Index  (February 2015)

– Pending Home Sales Index   106.9. Previous was 103.7.

There was also an increase in first-time homebuyers.

 

Dallas Federal Reserve Manufacturing Survey  (March 2015)

– Business Activity Index  -17.4. Previous was -11.2.
– Production Index   -5.2. Previous was  +0.7.

This is a survey Index of Manufacturing in Texas.

 

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