U.S. May Personal Income Rose 0.3%; U.S. Consumer Spending Remained Unchanged
U.S. personal income rose 0.3% in May vs. 0.4% consensus and revised (down 0.1%) 0.3% rise in April. On y-o-y level personal income is up 4.2%.
Global Macro Perspectives
U.S. personal income rose 0.3% in May vs. 0.4% consensus and revised (down 0.1%) 0.3% rise in April. On y-o-y level personal income is up 4.2%.
Baltic dry index rose 0.1% last week; Capesize Index was up 8.2%; Panamax Index fell 7.8%; Supramax Index was up 0.2%; Handysize Index fell 1.8%.
Iron ore inventory high, price moved lower; Both steel inventory and price moved lower; In coal both price and inventory moved up. Historically speaking coal inventory is low.
U.S. railroads originated 294,310 carloads, up 3.3% compared with the same week in 2010 and down 1.6% compared with 5-year average. Week over week change was 1.4%.
Almost no growth compared with 2010.