THE BASIS POINT

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.

 

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