U.S. 4 monthly consumer spending, annualized 21 trillion 9700 billion dollars
U.S. 4 monthly personal consumption expenditures (PCE), in real terms adjusted for inflation, increased month over month by 0.1%. Core PCE on an annual basis was 3.3%. The nominal annualized amount was 21 trillion 9700 billion dollars.
Personal consumption expenditures (PCE), the measure of private consumption in the United States, 4 increased month over month in real terms adjusted for inflation in 0.1 by 3%. The real growth rate in the previous 0.3 was %. Consumer spending accounts for a large share of the economy.
4Nominal private consumption in 0.5 increased month over month by 3%. The nominal growth rate in the previous 1.0 was %. Nominal growth is a figure that reflects price changes.
The total nominal annualized amount of private consumption was 21 trillion 9700 billion dollars. The real annualized amount adjusted for inflation was 16 trillion 7900 billion dollars. The inflation base year is 2017.
The annualized nominal distribution of consumer spending by item was 6 trillion 8500 billion dollars. Services were 15 trillion 1200 billion dollars. The shares of goods and services differed.
By item, the real growth rate for goods was minus 0.1%. Services recorded growth of plus 0.2%. Opposing trends were observed across items.
The PCE price index 4in , rose 0.4% month on month. The core price index, excluding food and energy, rose 0.2% month on month. The monthly increase was smaller than in the previous month.
Annual headline PCE inflation was 3.8%. Annual core PCE inflation came in at 3.3%. 3Compared with , both the headline and core rates increased.
Sources: 뉴시스 경제
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