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| 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: |
| | 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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