The following statistics were released today on the state of the US economy:

Personal income rose 0.4% in March, while personal spending rose 0.3%. The PCE Price index, an inflation measure, rose 0.2%. One a year over year basis, personal income rose 3.2%, personal spending rose 4.0%, and the PCE Price index rose 2.1%.

The Dallas Fed Mfg Survey shows slowing growth, with the business activity index falling to -3.4, while the production index fell to 5.6.

The Chicago PMI shows growing business activity in the Chicago Area, with the Business Barometer Index at 65.2. This report is widely seen as a precursor to the national PMI due out tomorrow, but there is often substantial divergence between the Chicago and nationwide reports.

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Dale Franks
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