Economic Statistics for 1 Feb 16
Personal income rose 0.3% in December, while consumer spending was unchanged. The PCE Price index fell -0.1%, but was unchanged at the core. On a year-over-year basis, prices rose 0.6% overall, while the core rate was 1.4%.
The PMI Manufacturing index rose 1.2 points in January, to 52.4.
The ISM Manufacturing Index was unchanged in January, at a contractionary 48.2.
Construction spending rose 0.1% in December, held down by weakness in non-residential construction.
The Gallup US Consumer Spending Measure indicates that Americans’ self-reported daily spending fell from $99 to $81 in January.