Free Markets, Free People

Economic Statistics for 25 Jun 15

Personal income rose a sharp 0.5% in May, while consumer spending rose 0.9%. The PCE Price Index rose 0.3%, overall and 0.1% at the core. On a year-over-year basis, the PCE Price Index is up just 0.2%, while the core rate is 1.2%.

The PMI services index is down sharply in June’s flash reading, falling to 54.8, vice 56.5 in the final May reading.

The Kansas City Fed Manufacturing Index rose in June, but still remains in negative territory at -9, compared to May’s -13.

Initial weekly jobless claims rose 3,000 to 271,000. The 4-week average fell 3,250 to 273,750. Continuing claims rose 22,000 to 2.247 million.

The Bloomberg Consumer Comfort Index rose 1.7 points to 42.6 in the latest week.

The Fed’s balance sheet rose $7.2 billion last week, with total assets of $4.495 trillion. Reserve bank credit rose $8.5 billion.

The Fed reports that M2 money supply rose by $29.5 billion in the latest week.

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