- Prior 0.2%
- Consumption (adj) 0.5% vs 0.4% exp m/m. Prior -0.1%. Revised to 0.0%
- Consumption (real) 0.5% vs -0.2% prior. Revised to -0.1%
- Core PCE price index 0.1% vs 0.0% exp m/m. Prior 0.1%
- 1.5% vs 1.5% prior y/y
- PCE prices 0.0% vs 0.1% prior m/m
- 1.5% vs 1.6% prior y/y
Wages and salaries jumped 0.4% from 0.2% in July while spending on durables jumped 1.8% from from -0.7% prior. Non-durables fell 0.3% from -0.1% prior.
Income numbers were up in Manufacturing, Service industries and slightly up in non-farm. Some good signs for consumer spending in the US and no real inflation worries coming out of the PCE price index. It’s still not lift off time for spending but it’s edging in the right direction.
US personal income vs spending 29 09 2014
USD/JPY looked to take a little bounce from 109.32 to 109.45 but is reversing that now. currently at 109.36
