Economic Statistics for 2 Feb 15
Gallup’s self-reported daily consumer spending measure fell to $81 in January from $98 in December.
Personal Income rose by 0.3% in January, while personal spending fell by -0.3%. The PCE Price index, and inflation measure, fell by -0.2% at the headline level, while the core rate, excluding food and energy, was unchanged. On a year-over-year basis, personal income is up 4.6% while spending is up 3.6%. The PCE price index is 0.7% higher than a year ago, while the core PCE is up 1.3%.
The Markit PMI manufacturing index for January was unchanged at 53.9.
The ISM Manufacturing index fell -2.0 points in January to 53.5.
The J.P. Morgan Global Manufacturing PMI rose just 0.1 points in January to 51.7.