THE BASIS POINT

Real Consumer Spending Flat.

Personal Income/Outlays  (September 2012)

Personal Income – Month/Month  0.4%
Consumer Spending – Month/Month 0.8%
PCE Price Index — Month/Month 0.4%
Core PCE price index – Month/Month 0.1%
PCE Price Index — Year/Year 1.7%
Core PCE price index – Year/Year  1.7%

The gains in spending were largely due to inflation.

Dallas Fed Manufacturing Survey (October 2012)

Bus Activity Index  +1.8. Previous was -0.9 
Production Index +7.9. Previous was 10.0.