Personal Spending shows the change in inflation-adjusted expenditures by consumers and it is released by the Bureau of Economic Analysis, and, like the previous indicator, it has tight correlations with the Personal Income, as, again, no disposable income, no rise in the personal spending.
Looking at the six months worth of data and after the spike in March this year, we had decreasing values for the indicator and not necessarily a negative trend, but a decreasing one.
The most important things to take into consideration when looking at Personal Spending indicator are:
- release date: monthly, 30 days after the month ends;
- release time: 12:30 GMT, during the North American session;
- released together with Personal Income;
- second tier data;
- low levels of volatility expected surrounding the data.