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Personal Consumption Expenditure: Difference between revisions
Personal Consumption Expenditure (view source)
Revision as of 13:25, 31 August 2023
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=== July 2023 === | === July 2023 === | ||
* Core PCE increased 0.2% in July, in-line with the forecast and same as in June<ref>https://www.bloomberg.com/news/articles/2023-08-31/key-us-inflation-measures-post-modest-gains-while-spending-jumps</ref>. | * Core PCE increased 0.2% in July, in-line with the forecast and same as in June<ref name=":0">https://www.bloomberg.com/news/articles/2023-08-31/key-us-inflation-measures-post-modest-gains-while-spending-jumps</ref>. | ||
* Yearly, core PCE rose 4.2% in July, also in-line with the estimate but above the 4.1% increase in June. | * Yearly, core PCE rose 4.2% in July, also in-line with the estimate but above the 4.1% increase in June<ref name=":0" />. | ||
* Headline PCE grew 0.2% in July, unchanged from June and in-line with the estimate. | * Headline PCE grew 0.2% in July, unchanged from June and in-line with the estimate<ref name=":0" />. | ||
* Yearly, headline PCE rose 3.3% versus 3.0% in June, but in-line with the estimate. | * Yearly, headline PCE rose 3.3% versus 3.0% in June, but in-line with the estimate<ref name=":0" />. | ||
* Real consumer spending rose 0.6% for the month, above the 0.5% estimate. | * Nominal consumer spending rose 0.8% in July, above the 0.7% estimate and 0.6% recorded in June(revised up from 0.5%)<ref>https://finance.yahoo.com/news/us-consumer-spending-july-surges-124640055.html</ref>. | ||
* Nominal personal income rose 0.2% for the month below the 0.3% estimate and 0.3% recorded in June. | |||
* Real personal income declined 0.2%<ref>https://www.bloomberg.com/news/articles/2023-08-31/key-us-inflation-measures-post-modest-gains-while-spending-jumps</ref>. | |||
* Real consumer spending rose 0.6% for the month, above the 0.5% estimate<ref name=":0" />. | |||
* Services inflation less housing and energy rose 0.5% in July, the biggest advance since January<ref name=":0" />. | |||
== Personal Consumption Expenditure(PCE) == | == Personal Consumption Expenditure(PCE) == | ||