- Personal Income MoM (Released 8:30 EST)
- Personal Income YoY (Released 8:30 EST)
- Personal Income ALLX (Released 8:30 EST)
- Personal Spending (Released 8:30 EST)
- PCE Deflator YoY (Released 8:30 EST)
- PCE Core MoM (Released 8:30 EST)
- PCE Core YoY (Released 8:30 EST)
- ISM Manufacturing (Released 10:00 EST)
- ISM Prices Paid (Released 10:00 EST)
- Construction Spending MoM (Released 10:00 EST)
- Construction Spending YoY (Released 10:00 EST)
Personal Income MoM (Dec)
| Survey | -0.4% |
| Actual | -0.2% |
| Prior | -0.2% |
| Revised | -0.4% |
Personal Income YoY (Dec)
| Survey | n/a |
| Actual | 1.4% |
| Prior | 2.1% |
| Revised | n/a |
Personal Income ALLX (Dec)
Personal Spending (Dec)
| Survey | -0.9% |
| Actual | -1.0% |
| Prior | -0.6% |
| Revised | -0.8% |
PCE Deflator YoY (Dec)
| Survey | 1.0% |
| Actual | 0.6% |
| Prior | 1.4% |
| Revised | n/a |
PCE Core MoM (Dec)
| Survey | 0.0% |
| Actual | 0.0% |
| Prior | 0.0% |
| Revised | n/a |
PCE Core YoY (Dec)
| Survey | 1.7% |
| Actual | 1.7% |
| Prior | 1.9% |
| Revised | n/a |
ISM Manufacturing (Jan)
| Survey | 32.5 |
| Actual | 35.6 |
| Prior | 32.4 |
| Revised | 32.9 |
Karim writes:
- ISM bounces but level remains at recessionary/deflationary levels.
- Headline rises by 2.7pts and price paid by 11pts.
- Bounces seem quite narrow in scope as only 2 of 18 industries posted a rise in orders and 1 of 18 an increase in prices (metals-which oddly, has anecdote below about year being down 20-30%).
- Manufacturing Index 35.6/32.9
- Prices paid 29.0/18.0
- Production 32.1/26.3
- New orders 33.2/23.1
- Employment 29.9/29.9
- Export orders 37.5/35.5
- Imports 36.5/39.0
- “The slowdown in the automobile industry is forcing their suppliers to reduce production and employment.” (Apparel, Leather & Allied Products)
- “Our manufacturing is tied to the automobile industry, and we are seeing the ‘trickle down’ effect.” (Chemical Products)
- “High inventory at customers is slowing production orders.” (Electrical Equipment, Appliances & Components)
- “Sales are settling in; Q4 was better than expected.” (Machinery)
- “Consumer confidence is low. Could see the entire year being down 20 percent to 30 percent.” (Fabricated Metals)
ISM Prices Paid (Jan)
| Survey | 18.0 |
| Actual | 29.0 |
| Prior | 18.0 |
| Revised | n/a |
Construction Spending MoM (Dec)
| Survey | -1.2% |
| Actual | -1.4% |
| Prior | -0.6% |
| Revised | -1.2% |
Construction Spending YoY (Dec)
| Survey | n/a |
| Actual | -3.6% |
| Prior | -4.2% |
| Revised | n/a |
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