Free Markets, Free People

Economic Statistics for 26 Feb 16

An upward revision to inventories moved the 1st revision of Q4 GDP to 1.0% annualized, while the GDP price index rose a tick to 0.9%.

January’s international trade in goods came in at a deficit of $-62.2 billion, as exports fell -2.9% and imports fell -1.5%.

Both personal income and spending rose 0.5% in January. The PCE Price Index rose 0.1% overall, and 0.3% at the core. On a year-over-year basis, the PC Price index is up 1.3% at the headline level, and 1.7% ex-food and -energy.

The University of Michigan’s Consumer Sentiment Index rose 1.7 points to 91.7 in February.

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