THE BASIS POINT

People Making more but not Spending more.

 

Personal Income & Spending (March 2016)

– Personal Income +0.4%.  Previous was +0.2%
– Personal Spending +0.0%.  Previous was +0.2%.

People are making more but not spending more.  This is likely a sector based thing.

 

Employment Cost Index (1stQ 2016)

– Index +0.6%. Previous was +0.6%.

This measures wages/salaries and benefits.

 
University of Michigan Consumer Sentiment (April 2016)

– Index 89.7. Previous was 91.0.

This survey index is supposed to be a leading indicator of Consumer Spending and consequently GDP.

 

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