Monitor US Personal Spending m/m to gauge economic health, reflecting consumer activity's vast impact.
Consumer spending constitutes a significant portion of overall economic activity and serves as a key indicator of economic health due to the extensive ripple effects of consumer purchases within the economy. While this data is important, it typically has a minor impact since Retail Sales, which also reflects consumer spending, is released roughly two weeks prior.
What it Measures
Change in the inflation-adjusted total value of all consumer expenditures.
Usual Effect
A higher 'Actual' figure compared to 'Forecast' is favorable for the currency.
Source & Frequency
Bureau of Economic Analysis (latest release) - https://www.bea.gov/ • Published monthly, approximately 29 days after the end of the month.
How Data is Derived
N/A
Also Known As
Consumer Spending, Personal Consumption Expenditures
Acronym
N/A