Personal Spending
Personal Spending
About This Event
The change in personal spending for December will be released.
Previous: 0.4%
Forecast: 0.4%
Personal spending measures the change in the inflation-adjusted value of all spending by consumers. Higher than expected personal spending is bullish, while lower than expected personal spending is bearish.
Personal spending in the United States grew by 0.7% from a month earlier in December 2023, following an upwardly revised 0.4% increase in November and beating market forecasts of a 0.4% rise. The $133.9 billion increase in current-dollar PCE in December reflected an increase of $75.6 billion in spending for services and a $58.4 billion increase in spending for goods. Within services, the largest contributors to the increase were financial services and insurance (portfolio management and investment advice services), health care (both hospitals and outpatient services), and recreation services (gambling). Within goods, the largest contributors to the increase were motor vehicles and parts (new light trucks), other nondurable goods (prescription drugs), and gasoline and other energy goods (gasoline). Meanwhile, real PCE, which is adjusted for inflation, rose 0.5% in December, matching the revised reading of 0.5% in November, amid higher spending on goods (1.1%) and services (0.3%). source: U.S. Bureau of Economic Analysis
Why This Event Matters
Economic releases such as Personal Spending are widely followed because they can shape expectations for growth, inflation, and monetary policy. Traders and investors often use these data points when assessing interest-rate outlooks, Treasury yields, and sector rotation themes. The scheduled timing is January 26, 2024 (America/New_York), subject to source updates.
Source summary: The change in personal spending for December will be released.
Previous: 0.4% Forecast: 0.4%
Personal spending measures the change in the inflation-adjusted value of all spending by consumers. Higher than expected personal spending is bullish, while lower than expected personal spending is bearish.
Personal spending in the United States grew by 0.7% from a month earlier in December 2023,...
This listing is associated with SPY. Market participants may watch these names around the event window for volatility or news flow.
Frequently Asked Questions
- What is Personal Spending?
- It is a stock market catalyst entry on Catacal—an event or release investors and traders may monitor. Details are summarized from the cited source and may be updated over time.
- When is Personal Spending?
- The calendar shows Jan 26, 2024 (America/New_York). Verify the exact time and any changes using the source link when planning around the event.
- Why does Personal Spending matter for investors?
- Macro releases can influence rate expectations, yields, and sector leadership. Market participants often reassess positioning after the data.
- Which stocks or sectors could be affected?
- Symbols linked to this listing include SPY; other names in the same industry group may also move with related news.
- How is this event categorized?
- Catacal groups this entry under "Economic Data" for navigation. Categories help you find comparable catalysts and build a week-by-week watchlist.
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