The Week that Was 31 October 2015

his Week in Economics is real time forecasting and analysis of the previous week's economic activities.The longest running programme of its type on Internet Radio and the Bostonred Network WBRN (bostonred.org)Esta semana en la economía es la predicción en tiempo real y análisis de actividades.El económica de la semana anterior programa de más larga duración de su tipo en la radio por Internet y la red Bostonred Network.Diese Woche in Economics ist Echtzeit-Prognose und Analyse der vergangenen Woche die wirtschaftliche activities.The längsten laufende Programm seiner Art auf Internetradio und dem Bostonred Network (bostonred.org)Episodes #314Show NotesPERSONAL INCOME AND OUTLAYS, SEPTEMBER 2015Personal income increased $18.6 billion, or 0.1 percent, and disposable personal income (DPI) increased $19.2 billion, or 0.1 percent, in September, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $15.6 billion, or 0.1 percent. In August, personal income increased $54.9 billion, or 0.4 percent, DPI increased $49.5 billion, or 0.4 percent, and PCE increased $44.2 billion, or 0.4 percent, based on revised estimates.Dr Richard Curtin University of Michigan's consumer sentiment indexThe overall impact from volatile stock prices has been quite small. Indeed, the average level of the Sentiment Index thus far in 2015 (93.1) is higher than any other year since 2004 (95.2). More importantly, future financial prospects were viewed more favorably by all households in October than anytime since 2007. In addition long term inflation rate dropped to the lowest level in over a quarter century. While these favorable trends will keep the pace of growth in consumer spending at 2.9% in 2016, consumers will continue to make increases in their buying plans