Oct 06 2014
Personal income rose 0.3% in August while spending rose 0.5%. Pending home sales fell 1.0% in August. The Case-Shiller home price index fell 0.5% in July. Vehicle sales fell a sharp 6.3% in September to a lower-than-expected annual rate of 16.43 million units. The ISM manufacturing index fell 2.4 points to a lower-than-expected 56.6. Factory orders fell 10.1% in August. The economy added 248,000 nonfarm payroll jobs in September, while the unemployment rate fell to 5.9%. The U.S. trade deficit shrank 0.5% to $40.1 billion in August. The ISM services index ticked down a point to 58.6 in September. Initial jobless claims fell 8,000 to 287,000 for the week ended 9/27.