Chicago PMI

Comsumer Spending Down.

Personal Income and Outlays (October 2012) Personal Income – Month/Month +0.0% Consumer Spending – Month/Month -0.2% PCE Price Index — Month/Month 0.1% Core PCE price index – Month/Month 0.1% Personal Income – Year/Year  3.1% Consumer Spending – Year/Year 3.1% PCE Price Index — Year/Year 1.7% Core PCE price index – Year/Year 1.6% Some of the

Manufacturing Improving but Flat. Employment Cost Contained.

Mortgage Applications data for last week is not available.  Data for this week will have little meaning because of the storm. Employment Cost Index (3rdQ2012) ECI – Quarter/Quarter change 0.4%. Previous was +0.5% ECI – Year/Year change +2.0%. Previous was +1.7%. Looking at the components of Employment Cost: Year/Year wages and  salaries are up 1.7%

Real Personal Income, Chicago PMI and Consumer Sentiment All Lower

Personal Income and Outlays (August 2012) Personal Income – Month/Month +0.1% Consumer Spending – Month/Month +0.5% PCE Price Index — Month/Month +0.4% Core PCE price index – Month/Month 0.1% Nominal Income was up slightly.  Real (inflation adjusted) income was down. Higher gas prices made real income lower.  Factoring out food and gas real income was

Real Personal Income, Chicago PMI and Consumer Sentiment All Lower

Personal Income and Outlays (August 2012) Personal Income – Month/Month +0.1% Consumer Spending – Month/Month +0.5% PCE Price Index — Month/Month +0.4% Core PCE price index – Month/Month 0.1% Nominal Income was up slightly.  Real (inflation adjusted) income was down. Higher gas prices made real income lower.  Factoring out food and gas real income was