PCE Deflator, (Personal Consumption Expenditure ... - Morningbull

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Because income is either spent or saved, Personal Spending (when reported as a percent of income rather than the headline percent change) has an inverse relationship to personal saving. Economists watch the growth of Personal Spending in relation to income and saving to determine if consumers are living beyond their means, which would influence levels of borrowing and future consumption. The PCE figure is released in headlines as a percent change from the previous month. Core Personal Consumption Expenditure Volatile items like food and energy can fluctuate widely due to seasonal and non-systemic factors. In order to provide a less erratic picture of Personal Consumption, food and energy items are excluded in the PCE core report. The headline figure of PCE is expressed in percentage change in spending for the quarter. Note: The Personal Consumption Expenditure figure is reported with the Personal Income and Outlays figure. Relevance: Moderate market impact Release schedule : 12:30 (GMT); monthly, four to five weeks after the reporting month Revisions schedule : Moderate revisions in the months following the report as more complete data is available, plus annual revision in July or August. Source of report : Bureau of Economic Analysis, Department of Commerce (U.S.) Web Address : http://www.bea.gov/ Address of release : http://www.bea.gov/bea/newsrel/pinewsrelease.htm AKA : PCE, Personal Spending, Personal Consumption GDP Price Index - United States Measures changes in the prices of goods and services that are included in US GDP. The GDP Price Index is an indicator for inflation calculated by comparing the current GDP to GDP in the reference year. A high or rising GDP Price Index, like other indicators of inflation, puts pressure on the Federal Reserve to raise interest rates. The GDP price index differs from other more popular inflation measures like CPI, in that it includes all products accounted for by GDP and does not include the affects of changes in import prices. Furthermore, the report is only released quarterly and commands little market attention because of it lack of timeliness.
The headline figure is the annualized percentage change. Relevance: Rarely affects markets Release schedule : 8:30 AM (EST); Quarterly Revisions schedule : Moderate monthly revisions, plus more substantial annual revisions at the end of July Source of report : Bureau of Economic Analysis, Department of Commerce (U.S.) Web Address : http://www.bea.gov/ Address of release : http://www.bea.gov/bea/dn/home/gdp.htm AKA : Gross Domestic Product Index Personal Income - United States Broad gauge of employee earnings in the US . Personal Income measures the pre-tax income households receive from employment, investments, and transfer payments. As wages and salaries make up the majority of Personal Income, the figure can provide insight on the US employment situation. However, because Personal Income is released after the headline employment figure and earnings figures, its impact on the market is muted. The figure is still useful in gauging the purchasing ability of consumers, though, as rising Personal Income allows for strong consumers spending. Such spending drives output growth and fuels the US economy. Relevance: Rarely affects markets Release schedule : 8:30 AM (EST); monthly, Revisions schedule : Moderate revisions in the months following the report as more complete data is available, plus annual revision in July or August. Source of report : Bureau of Economic Analysis, Department of Commerce (U.S.) Web Address : http://www.bea.gov/ Address of release : http://www.bea.gov/bea/dn/home/personalincome.htm Import Price Index - United States Tracks changes in the prices paid for goods imported to the United States . The figure is significant in relation to the trade balance, the difference between the total value of exports and the total value of imports. A positive trade balance (surplus) acts as an appreciating weight on the dollar, reflecting demand for dollars in exchange for exports. Conversely, a negative value (deficit) puts downward pressure on the dollar's value. Given such impacts, traders assess changes in import prices to gain insight on the trade balance. The Import Price Index becomes
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Page 3 and 4: inflation. Simply put, inflation re
Page 5: Measures job creation or loss in ma
Page 9 and 10: Advance Retail Sales - United State
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Page 21: NAHB Housing Market Index - United

PCE Deflator, (Personal Consumption Expenditure ... - Morningbull

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