Latest Release for Personal Consumption Expenditures (PCE)

Oct 3, 2023 | Macro Insights, No Bull Economics

PCE Post Banner

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.

Commentary

  • 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

Source: https://apps.bea.gov/iTable/?reqid=19&step=3&isuri=1&1921=survey&1903=84#eyJhcHBpZCI6MTksInN0ZXBzIjpbMSwyLDNdLCJkYXRhIjpbWyJOSVBBX1RhYmxlX0xpc3QiLCI3NiJdLFsiQ2F0ZWdvcmllcyIsIlN1cnZleSJdXX0=

Marketing Consumer Research Weekly Banner

Nobull consumer research weekly

No Bull Economics

Get Corporate & Market Insights in your inbox