Free Markets, Free People

Economic Statistics for 3 Mar 14

US auto sales remained relatively flat for the 3rd straight month, at a 15.3 million annual rate.

Gallup’s self-reported Consumer Spending measure rose to $87 per day in February, vice $78 in January.

Personal income rose 0.3% in February, while spending rose 0.4%. The PCE Price index rose 0.3% overall, but only 0.1% at the core level. On a year-over-year basis, income rose4.1%, while spending rose 3.5%. The PCE Price index rose 1.2% overall, and 1.1% at the core level.

Markit’s PMI Manufacturing Index for February rose to 57.1  from January’s 53.7.

The ISM manufacturing index for February rose to 53.2  from January’s 51.3.

The J.P. Morgan Global Manufacturing PMI was 53.3 for March, up from 53.0 in February.

Construction spending rose 0.1% in January. On a year-ago basis, spending is up 9.3%.


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