Consumer spending up slightly in August

If it's PCE inflation day, it must also be PCE spending day. So how much did consumers spend last month?

Spending was up 0.6% from the previous month on an annualized basis. It was up 2.3% from the previous year.

So spending continues to increase. Not by much, though.

3 thoughts on “Consumer spending up slightly in August”

Jasper_in_Boston September 29, 2023 – 10:29 am at

So spending continues to increase. Not by much, though.

This is a Joe Biden-friendly number. If spending declines, it could be a harbinger of recession. If it goes up too much, we can probably expect more tightening.
bbleh September 29, 2023 – 10:35 am at

Inflation Rate Declines As
Spending Rises Slightly
Employment Remains Strong
Why Biden Should Be Worried
ResumeMan September 29, 2023 – 10:59 am at

Isn't "this good thing is improving, but not by much" the exact scenario we want?

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