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Personal Consumption Expenditure: Difference between revisions
Personal Consumption Expenditure (view source)
Revision as of 14:27, 29 September 2023
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!Core PCE Price Index M/M<ref>https://www.investing.com/economic-calendar/core-pce-price-index-61</ref> | !Core PCE Price Index M/M<ref>https://www.investing.com/economic-calendar/core-pce-price-index-61</ref> | ||
!Full Release | !Full Release | ||
|- | |||
|Sep-29 | |||
|3.5% | |||
|0.40% | |||
|3.90% | |||
|0.10% | |||
|Link | |||
|- | |- | ||
|Aug-31 | |Aug-31 | ||
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* Real consumer spending rose 0.6% for the month, above the 0.5% estimate<ref name=":0" />. | * 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. Excluding management and investment advice, the gauge rose 0.25% month-over-month.<ref name=":0" />. | * Services inflation less housing and energy rose 0.5% in July, the biggest advance since January. Excluding management and investment advice, the gauge rose 0.25% month-over-month.<ref name=":0" />. | ||
=== August 2023 === | |||
* Core personal consumption expenditures (PCE) price index rose 0.1% in August, below the 0.2% estimate and lower than the 0.2% gain in July<ref>https://www.reuters.com/markets/us/us-consumer-spending-rises-august-underlying-inflation-slows-2023-09-29/</ref>. | |||
* Year over year, core PCE grew 3.5%, up from 3.4% gain in July (revised up from 3.4%) and in-line with the estimate. | |||
* Headline PCE grew 0.4% in August, up from 0.2% in the previous month and below the 0.5% forecast. | |||
* On a 12-month basis, headline PCE rose 3.9%, down from 4.3% in July (revised up from 4.2%). | |||
* Personal spending rose 0.4%, in-line with estimates and below 0.9% (revised up from 0.8%) gained in July. | |||
* Personal income rose 0.4%, also in-line with the estimate but above the 0.2% gain in July. | |||
* Inflation in August was largely driven by energy which rose 6.1% in August. | |||
* Super core inflation rose 0.1% for the month after rising 0.5% in July. | |||
== Personal Spending Developments == | == Personal Spending Developments == | ||