Personal Consumption / Expenditures (Personal Spending)
| Country: | USA |
| Definition: | Personal Expenditures on domestic and imported durables, nondurables, and services |
| Description: | PCE is comprised of three categories: durables, nondurables, and services. The retail sales report provides a good read on durable and nondurable consumption. Service purchases tend to grow at a fairly steady pace, making this a relatively predictable report. Economic recession often occurs once consumers stop spending money, which triggers decrease in demand. On the back of it this indicator increase is a positive factor for the national economy development. |
| Influence: | This indicator increase may trigger growth in Retail Sales, which is a positive factor for economic development and triggers USD rise. |
| Market Importance: |
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| Released: | Released monthly after the 20th of every month at 08:30 AM ET |
| Source: | Bureau of Economic Analysis of the Department of Commerce |
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