Economic Statistics for 31 Oct 14
Personal income rose by 0.2% in September, while personal spending declined by -0.2%. The PCE Price index rose 0.1% at both the headline and core rates. On a year-over-year basis, consumer spending has risen 1.4%, while the PCE Price index has risen 1.5%.
The Employment Cost Index rose 0.7% in the 3rd Quarter of 2014, due mainly to upward pressure on wages and salaries. On a year-over-year basis, the ECI is up 2.2%.
The Chicago Purchasing Managers’ Index rose nearly 6 points to 66.2 in October.
The Reuter’s/University of Michigan’s consumer sentiment index rose half a point to 86.9 in October, the highest since July 2007.