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2008-05-30 Personal Income

Personal Income (Apr)

Survey 0.1%
Actual 0.2%
Prior 0.3%
Revised 0.4%

Soldiering on, and would have been higher if the Fed hadn’t cut rates as interest income is a meaningful factor.

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2008-05-30 Personal Spending

Personal Spending (Apr)

Survey 0.2%
Actual 0.2%
Prior 0.4%
Revised n/a

Also holding up and supporting GDP at muddling through levels.

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2008-05-30 PCE Deflator YoY

PCE Deflator YoY (Apr)

Survey 3.1%
Actual 3.2%
Prior 3.2%
Revised n/a

Zig-zagging its way higher as crude prices rise and get passed through to everything else over time.

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2008-05-30 PCE Core MoM

PCE Core MoM (Apr)

Survey 0.1%
Actual 0.1%
Prior 0.2%
Revised n/a

Taking a breather for a month or so.

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2008-05-30 PCE Core YoY

PCE Core YoY (Apr)

Survey 2.1%
Actual 2.1%
Prior 2.1%
Revised n/a

In the 1970’s this moved through 3% as headline moved through 6%.  Might be just a few months away.

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2008-05-30 Chicago Purchasing Manager

Chicago Purchasing Manager (May)

Survey 48.5
Actual 49.1
Prior 48.3
Revised n/a

Another indicator coming in better than expected and showing signs it has bottomed.

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2008-05-30 U. of Michigan Confidence

U. of Michigan Confidence (May F)

Survey 59.5
Actual 59.8
Prior 59.5
Revised n/a

Though a tad better than expected, still down and out due to rapidly rising inflation expectations.

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2008-05-30 NAPM-Milwaukee

NAPM-Milwaukee

Survey 47.0
Actual 45.0
Prior 48.0
Revised n/a

Not looking cheerful in Milwaukee.


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