Economic Statistics for 2 Nov 15
Gallup’s US Consumer Spending Measure reports that, in October, Americans’ daily self-reports of spending averaged $92, up $4 from September.
October’s PMI Manufacturing Index rose a full point to 54.1. This seems to be counter to the various recent Fed surveys.
The ISM Manufacturing index is barely positive at 50.1 for October, and contradicts this month’s PMI.
Construction spending, led by housing, rose o.6% in September, and is up 14.1% from September, 2014.