Breaking News

U.S. Real Consumer Spending

Latest Release

Oct 30, 2024

Actual

3.7%

2.8%

Real Consumer Spending measures the inflation adjusted amount of money spent by households in the US economy.

The spending includes durables, such as washing machines, and non durables, such as food. It is also known as consumption, and is measured monthly.

John Maynard Keynes, the famous British economist, considered consumer spending to be the most important determinant of short-term demand in an economy.

A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative.

Importance:

Country:

Currency: USD

Source: US Department of Commerce

Release Date	Time	Actual	Forecast	Previous
Nov 28, 2024 (Q3)	00:30			3.7%
Oct 30, 2024 (Q3)	23:30	3.7%		2.8%
Sep 26, 2024 (Q2)	23:30	2.8%	2.9%	1.9%
Aug 29, 2024 (Q2)	23:30	2.9%	2.3%	1.5%
Jul 25, 2024 (Q2)	23:30	2.3%		1.5%
Jun 27, 2024 (Q1)	23:30	1.5%	2.0%	3.3%

News

ASX 200 to open higher, US tech sector struggles By Investing.com - May 31, 2024

Investing.com - Australian shares are set to open positively on Friday, following extended declines among US indices overnight as investors digested weaker consumer spending and a significant slump in...

Dollar surges; Fed plans reassessed after surprise OPEC+ cut By Investing.com - Apr 03, 2023

By Peter Nurse Investing.com - The U.S. dollar rose strongly in early European trade Monday as surging oil prices raised inflation concerns, which could prompt the U.S. Federal Reserve to lift...

Dollar rises as market takes 4Q GDP in its stride By Investing.com - Jan 27, 2023

By Geoffrey Smith Investing.com -- The dollar edged higher in early trade in Europe on Friday, but was still on course to end the week lower as the market consolidated around expectations of a...

Analysis

Consumer Spending Shines as a Beacon Driving US Economy to a Solid Growth in Q3 By James Picerno - Oct 31, 2024

What a long, strange trip it’s been for some analysts since the summer of recession forecasts turned into yesterday’s robust 2.8% rise in third quarter GDP. A key driver of Q3’s advance: higher...

Week Ahead: Key Events to Watch Next Week By James Knightley - Oct 25, 2024

THINK Ahead in Developed Markets United States Given the backdrop of 3% growth, low unemployment, equity markets at all-time highs, and inflation still above 2%, you could be forgiven for...

4 Charts to Help You Track the Current US Business Cycle By James Picerno - Oct 16, 2024

The US economy continues to defy the recession forecasts that received much attention in the summer. The primary drivers of economic resilience: strong growth in payrolls and consumer spending. By...

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