Personal Spending MoM US
Spending is Expected to Have Jumped by 0.5% in July
Starts Friday, August 30, 2019 at 14:00
Updated Friday, August 30, 2019
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. This week we will have two releases for February and March which are expected to show an increase of 0.2% and 0.7% respectively. The revisions have been quite positive in the recent months and for July personal spending is expected to have increased by 0.5%.
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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.