The following US economic statistics were announced today:

The Reuter’s/University of Michigan’s consumer sentiment index is down nearly 10 points in December to 72.9  from last month’s 82.7.

The Chicago Fed National Activity Index turned positive, coming in at 0.10 vice a revised -0.64 in October.

Personal income in October was up 0.6%, following a flat October. Consumer spending rose 0.4%, compared to a -0.2% drop in October. For inflation, the PCE price index fell -0.2% while the core rate was unchanged. On a year-over-year basis, income is up 4.1% while spending is up 3.5%; the PCE is up 1.4% at the headline level and 1.5% at the core.

Durable goods orders in November rose 0.7%, while ex-transportation orders were up 1.6%. This is the second consecutive monthly increase.

The Kansas City Fed manufacturing index fell to -6 in November from -4 in October.

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Dale Franks
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