Economic Events on January 31, 2011

At 8:30 AM EST, the monthly Personal Income and Outlays report for December will be released.  The consensus for Personal Income is an increase of 0.4% over the previous month and the consensus Consumer Spending index change is an increase of 0.5%.

At 9:45 AM EST, the Chicago PMI Index for January will be announced.  The consensus index value is 65, which is 3.6 points lower than last month, but is still well above the break-even level at 50.

At 3:00 PM EST, the Farm Prices report for December will be released, giving investors and economists an indication of the direction of food prices in the coming months.

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