United States Personal Spending MoM
UTC GMT +0
Personal consumption expenditures (PCE) is the primary measure of consumer spending on goods and services in the U.S. economy. 1 It accounts for about two-thirds of domestic final spending, and thus it is the primary engine that drives future economic growth. PCE shows how much of the income earned by households is being spent on current consumption as opposed to how much is being saved for future consumption. PCE also provides a comprehensive measure of types of goods and services that are purchased by households. Thus, for example, it shows the portion of spending that is accounted for by discretionary items, such as motor vehicles, or the adjustments that consumers make to changes in prices, such as a sharp run-up in gasoline prices.
Latest release
May 26 2023
Date
0.8%
Actual
0.4%
Forecast
0.1%
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Upcoming Release
12:30 Jun 30 2023
In 27 Days 11 Hours 37 Minutes
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