The personal consumption expenditures index rose to 1.5%, short of the Street's 1.7% outlook.
Meantime, the latest U.S. personal consumption expenditures (PCE) inflation rate was 0.9 per cent, annualized.
Nobody believes unemployment comes down next year so why should personal consumption expenditures rise above 1 percent?
Personal consumption expenditures declined 2% and I remember one quarter when they dropped almost 7%, an unprecedented statistic.
Personal consumption expenditures increased 1.0% in the first quarter, down from the 2.3% increase in the fourth quarter.
Personal consumption expenditures advanced at a 1.4% annual rate, but gross private sector investment increased by only .07%.
Same goes for personal consumption expenditures despite the resolution of household net worth.
Real personal consumption expenditures increased 2.0 percent in the third quarter, compared with an increase of 1.5 percent in the second.
The government said the main drivers for the fall were personal consumption expenditures, which fell 3.1%, the sharpest drop in 28 years.
Personal consumption expenditures increased 2.2%, above the 1.6% rise a quarter earlier.
Personal consumption expenditures increased 2.2%, compared with 1.6% in the third quarter.
Personal consumption expenditures rose 1.5%, down from the 2.2% a quarter earlier.
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According to the Commerce Department data, personal consumption expenditures increased 2.2% in the first quarter, after declining 4.3% at the end of 2008.
Personal consumption expenditures, for example, increased by 2.0 percent at an annual rate in 2012:Q3, as compared with 1.5 percent in the previous quarter.
WHITEHOUSE: Advance Estimate of GDP for the Third Quarter of 2012
Before that, personal consumption expenditures for December will be released Monday, and Wall Street expects the Commerce Department to report a 0.9% drop.
Mr. WESSELL: What the Fed likes to do is look at both the consumer price index and another measure called the personal consumption expenditures index.
All told, over the four quarters of 2007, the price index for personal consumption expenditures (PCE) increased 3.4 percent, up from 1.9 percent during 2006.
Personal consumption expenditures normally grow at least 3 percent per annum.
Another measure of core inflation that we monitor closely, based on the price index for personal consumption expenditures excluding food and energy, shows a similar pattern.
Negative drivers were negative contributions from private inventory investment, federal government spending and exports, partially offset by personal consumption expenditures, nonresidential fixed investment and residential fixed investment.
Personal consumption expenditures, the single largest component of GDP, increased by 2.2 percent at an annual rate in 2012:Q4, as compared with 1.6 percent in the previous quarter.
WHITEHOUSE: Advance Estimate of GDP for the Fourth Quarter of 2012
The Fed's favored gauge, the core Personal Consumption Expenditures Price Index, was up just 2.1% in May from a year earlier, barely above the central bank's perceived 2.0% ceiling.
With lower oil quotes, our inflation rate is containable, consumer sentiment stays strong, savings rates run low and personal consumption expenditures grow between 2 and 3 percent as does GDP.
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Put a 25 percent tax rate on individuals and corporations and see how it comes out in terms of personal consumption expenditures and corporate spending for plant and equipment, even research and development.
That instead of a multi-family boom happening in the spring, we will get a massive collapse in shadow inventory sometime later in the 2012 and a resulting rise in personal consumption expenditures and residential investment.
Consumer confidence wanes, impacting personal consumption expenditures.
We expect 1.7% growth in real personal consumption expenditures in the four quarters ending September 2008 even under our soft-landing scenario, below the 2% four-quarter low in the 2001 recession (see graph and further discussion in the attachment.) In recent years, we predicted and explained the resilience in U.S. consumption growth in terms of job prospects and the high actual household savings rate.
Fed Chairman Ben Bernanke warned on Wednesday the economy remained at risk, but he also cautioned that inflation had risen and was being watched closely by the central bank. (See: "Ben Bernanke: No Surprises") The personal consumption expenditures price index, which excludes food and energy, was left unrevised at an annual 2.7% rate in the fourth quarter, matching forecasts and following 2.0% in the previous three months.
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