Details of the September 2015 US personal income and spending data report 30 October 2015
- Prior 0.3%. Revised to 0.4%
- Spending 0.1% vs 0.2% exp m/m. Prior 0.4%
- Real spending 0.2% vs 0.2% exp m/m. Prior 0.4%
- Core PCE 1.3% vs 1.4% exp y/y. Prior 1.3%
- PCE deflator 0.2% vs 0.2% exp y/y. Prior 0.3%
- -0.1% vs -0.1% exp m/m. Prior 0.0%
- 0.1% vs 0.2% exp m/m. Prior 0.1%
- Q3 employment cost index 0.6% vs 0.6% exp. Prior 0.2%
- Q3 wages 0.6% vs 0.2% prior
- Q3 benefits 0.5% vs 0.1%prior
Still pretty flat income and spending data but some inflation from overall employment costs. All these numbers would have been in the GDP data from yesterday anyway so there's nothing here for the market to get its teeth into
Breaking it down, durables rose 0.8% while non-durables fell 1.2% on the spending side. Disposable incomes grew a fraction at 0.1%
US income/spending
