Latest Release for Personal Consumption Expenditures (PCE)

Oct 3, 2023 | Macro Insights, No Bull Economics

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The consumer still looks good according to the government’s recent release of personal consumption expenditures (for August 2023), reflecting steady growth in both disposable income & consumption expenditures.


  • We are keeping an eye on increases in gas expenditures & interest payments which have been the focus of news headlines. However, despite the growth of these spending categories, they continue to look manageable as a % of disposable personal income as evidenced by the bottom chart.   
Personal Outlay Chart
Spending Graphs


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