Pending Home Sales down.
Personal Income and Outlays (August 2015)
– Personal Income month/month +0.3%. Previous was +0.5%
– Consumer Spending month/month +0.4%. Previous was +0.4%
– PCE Price Index month/month +0.0%. Previous was +0.0%
– Core PCE price index month/month +0.1%. Previous was +0.1%
– PCE Price Index year/year +0.3%. Previous was +0.3%
– Core PCE price index year/year +1.3%. Previous was +1.2%
Pending Home Sales Index (August 2015)
– Pending Home Sales Index month/month -1.4%. Previous was +0.5%
– Pending Home Sales Index – Level 109.4. Previous was 110.9
This is likely a seasonal effect. August is a month for vacations.
Dallas Federal Reserve Manufacturing Survey (September 2015)
– Production Index +0.9. Previous was -0.8
– General Activity Index -9.5. Previous was -15.8.
This is a survey index of Texas manufacturers. Manufacturing in Texas is all about the oil industry and this report is a reminder of the what happens when commodity prices fall and production decreases.