Personal Spending up.
Initial Jobless Claims (week ended 6/20/2015)
– New Claims 271,000. Previous was 268,000
– 4-week Moving Average – Level 276.75 K 277.00 K 273,750. Previous was 277,000.
Personal Income and Outlays (May 2015)
– Personal Income month/month +0.5%. Previous was +0.5%
– Consumer Spending month/month +0.9%. Previous was +0.1%
– PCE Price Index month/month +0.3%. Previous was +0.0%
– Core PCE price index month/month +0.1%. Previous was +0.1%
– PCE Price Index year/year +0.2%. Previous was +0.2%
– Core PCE price index year/year +1.2%. Previous was +1.3%
The increase in Consumer Spending should be a plus fro 2ndQ GDP.
PMI Services Flash (June 2015)
– Level 54.8. Previous was 56.5
This appears to be a strangely low number.