The ISM Manufacturing Index is projected to post a marginal rise to 50.9 in tomorrow’s January update , based on The Capital Spectator’s average econometric forecast. That’s modestly above the neutral 50 reading and roughly in line with three consensus forecasts.
Daily Archives: January 31, 2013
US Nonfarm Private Payrolls: Jan 2013 Preview
A monthly increase of 176,000 for private nonfarm payrolls in January is expected in tomorrow’s update from the Labor Department, based on The Capital Spectator’s average econometric forecast. That’s slightly higher than December’s gain, but is moderately below a pair of consensus forecasts.
Personal Income Surges In December On “Special Payments”
Disposable personal income (DPI) in December surged by 2.7% compared with November’s level, although the gain “was boosted by accelerated and special dividend payments to persons and by accelerated bonus payments and other irregular pay in private wages and salaries in anticipation of changes in individual income tax rates,” the government advises. By contrast, personal consumption expenditures increased a modest 0.2% last month, or about half the rate in November.