 |
|
|
|
|
|
Personal Spending
Personal Spending, or PCE, stands for the change in the market value of all goods and services purchased by individuals. This report is the largest component of GDP. Personal income represents the change in compensation that each person receives from all sources including: wages and salaries; proprietors' income; income from rents; dividends and interest; and transfer payments as well as Social Security, unemployment, and welfare benefits.
The release of these two figures easily gives you the
savings rate, by subtracting between disposable income (personal income
minus taxes) and consumption, dividing by disposable income. This
ever-declining savings rate has become a key factor to watch and see as it
displays consumer spending patterns.
|
JAN |
FEB |
MAR |
APR |
MAY |
JUNE |
JULY |
AUG |
SEPT |
OCT |
NOV |
DEC | |
| 2007 | 0.5% | 0.6% | 0.3% | 0.5% | 0.5% |