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Economic Statistics for 29 Jun 16

Personal income rose 0.2% in May, while consumer spending rose 0.4%. The PCE Price index also rose 0.2% at both the core and headline rate. On a year-over-year basis, the PCE price index is up 0.9%, and up 1.6% for prices less food and energy.

The Pending Home Sales Index slumped -3.7% in May to 110.8.

The MBA reports that mortgage applications fell -2.6% last week, with purchases down -3.0% and refis down -2.0%.

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