Free Markets, Free People

Economic Statistics for 1 Jun 15

Personal income rose 0.4% in April, while personal spending—and the PCE Price Index—was unchanged. The core price index, which excludes food and energy prices, rose 0.1%. On a year-over-year basis, prices are up 0.1% overall, while the core price index is up 1.2%.

 The PMI Manufacturing Index fell -0.1 points in May to 54.0.

The ISM Manufacturing index, in contrast to the PMI, rose 1.3 points to 52.8 in May.

Construction spending rose a much better-than-expected 2.2% in April, compared to March’s -0.6% decline. On a year-over-year basis, construction spending rose 4.8%.

Gallup’s self-reported Consumer Spending measure was unchanged at $91 per day in May.

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