Consumer Spending Flat.
Personal Income and Outlays (April 2015)
– Personal Income month/month +0.4%. Previous was +0.0%
– Consumer Spending month/month +0.0%. Previous was +0.5%
– PCE Price Index month/month +0.0%. Previous was +0.2%
– Core PCE price index month/month +0.1%. Previous was +0.1%
– PCE Price Index year/year +0.1%. Previous was +0.3%
– Core PCE price index year/year +1.2%. Previous was +1.4%.
Flat consumer spending in April is not a good sign for 2ndQ GDP.
Construction Spending (April 2015)
– Construction Spending month/month +2.2%. Previous was +0.5%.
– Construction Spending year/year +4.8%.
– Private Residential Construction Spending month/month was +0.6%.
PMI Manufacturing Index (May 2015)
– Index Level 54.0. Previous was 54.1.
ISM Manufacturing Index (May 2015)
– Index Level 52.5. Previous was 51.5