Personal Income/Consumer Spending up.

Personal Income and Outlays  (August 2014)

– Personal Income month/month +0.3%. Previous was +0.2%

– Consumer Spending month/month +0.5%. Previous was +0.0%

– Personal Income year/year +4.3%. Previous was +4.4%

– Consumer Spending year/year +4.1%. Previous was +3.8%.

Inflation: – PCE Price Index month/month +0.0%. Previous was +0.1%

– Core PCE price index month/month +0.1%. Previous was +0.1%

– PCE Price Index year/year +1.5%. Previous was +1.6%

– Core PCE price index year/year +1.5%. Previous was +1.5%.

These numbers show increases in income and spending with little inflation.

 

Pending Home Sales Index (August 2014)

– Pending Home Sales Index 104.7. Previous was 105.8.

This is a leading indicator of Existing Home Sales and, like most housing related data of late, is soft.

 

 

Dallas Federal Reserve Manufacturing Survey  (September 2014)

– Business Activity Index 10.8.  Previous was 7.1

– Production Index 17.6. Previous was 6.8.

This is a survey index.