Personal Spending MoM US - Economic Calendar - Strategia ForexFX Leaders
Economic Calendar
The US consumer is the main driver of the economy

Personal Spending MoM US

Spending to Cool Off in August

Starts Friday, August 28, 2020 at 12:30
Updated Friday, August 28, 2020
Personal spending was growing at an average of 0.5% at the end of last year, but in January we saw a 0.5% decline in spending. It came back to positive territory in January growing by 0.1% but that is still pretty weak. The last two releases before the coronavirus for February and March which showed increased of 0.2% each month. But spending turned negative in April, declining by 7.5% that month and by 13.6% in April. But spending is expected to jump by 8.2% in May and by 5.6% in June. But, it is expected to cool off to 1.5% in July.

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About Personal Spending MoM US
Change in the inflation-adjusted value of all expenditures by consumers, published by the Bureau of Economic Analysis. This is significant data, though it tends to have a relatively mild impact because Retail Sales, which also covers consumer spending, is released about 2 weeks earlier. Consumer spending accounts for a majority of overall economic activity. It's one of the most important gauges of economic health due to the vast ripple effect consumer buying creates in the economy.
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