Core Personal Consumption Expenditures (QoQ)

The Real Personal Consumption Expenditure released by the Bureau of Economic Analysis, Department of Commerce is an average of the amount of money the consumers spend in a month on durable goods, consumer products, and services.. It is considered as an important indicator of inflation. Generally speaking, a high reading is bullish for the USD, while a low reading is bearish.

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Most recent - Thursday 25 April 2024 12:30

Revised

Forecast

3.4%

Actual

3.7%

Higher numbers than forecast tend to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Next event - Thursday 30 May 2024 12:30

3.7%

Forecast

Actual

The typical/expected impact on USD pairs is medium.

There is no forecast value for Core Personal Consumption Expenditures (QoQ) yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Core Personal Consumption Expenditures (QoQ) was 3.7% against a forecast of 3.4%.

Past events

Date

Forecast

Actual

Thursday 25 April 2024 12:30

3.4%

3.7%

Thursday 28 March 2024 12:30

2.1%

Wednesday 28 February 2024 13:30

2.1%

Thursday 25 January 2024 13:30

Thursday 21 December 2023 13:30

2.3%

Wednesday 29 November 2023 13:30

2.4%

2.3%

Thursday 26 October 2023 12:30

2.5%

2.4%

Thursday 28 September 2023 12:30

3.7%

Wednesday 30 August 2023 12:30

3.8%

3.7%

Thursday 27 July 2023 12:30

3.8%

Thursday 29 June 2023 12:30

4.9%

Thursday 25 May 2023 12:30

4.9%

Thursday 27 April 2023 12:30

4.8%

4.9%

Thursday 30 March 2023 12:30

4.3%

4.4%

Thursday 23 February 2023 13:30

3.9%

4.3%

Thursday 26 January 2023 13:30

5.3%

3.9%

Thursday 22 December 2022 13:30

4.6%

4.7%

Wednesday 30 November 2022 13:30

4.5%

4.6%

Thursday 27 October 2022 12:30

4.5%

Thursday 29 September 2022 12:30

4.4%

4.7%

Thursday 25 August 2022 12:30

4.4%

Thursday 28 July 2022 12:30

4.5%

4.4%

Wednesday 29 June 2022 12:30

5.1%

5.2%

Thursday 26 May 2022 12:30

5.2%

5.1%

Thursday 28 April 2022 12:30

5.4%

5.2%

Wednesday 30 March 2022 12:30

Thursday 24 February 2022 13:30

4.9%

Thursday 27 January 2022 13:30

4.9%

Wednesday 22 December 2021 13:30

4.5%

4.6%

Wednesday 24 November 2021 13:30

4.5%

Thursday 28 October 2021 12:30

4.5%

Thursday 30 September 2021 12:30

6.1%

Thursday 26 August 2021 12:30

6.1%

Thursday 29 July 2021 12:30

5.9%

6.1%

Thursday 24 June 2021 12:30

2.5%

Thursday 27 May 2021 12:30

2.3%

2.5%

Economic context

Recent economic data has been broadly neutral for USD. Other recent announcements which may affect the market's interpretation of the next Core Personal Consumption Expenditures (QoQ) result:

		Previous	Latest
ISM Services Employment Index	Bearish change	48.5	45.9
ISM Services New Orders Index	Bearish change	54.4	52.2
ISM Services PMI	Bearish change	51.4	49.4
ISM Services Prices Paid	Bullish change	53.4	59.2
S&P Global Composite PMI	Bullish change	50.9	51.3
Average Hourly Earnings (MoM)	Bearish change	0.3%	0.2%
Average Hourly Earnings (YoY)	Bearish change	4.1%	3.9%
Labor Force Participation Rate	(no change)	62.7%	62.7%
Nonfarm Payrolls	Bearish change	315K	175K
U6 Underemployment Rate	Bearish change	7.3%	7.4%
Unemployment Rate	Bearish change	3.8%	3.9%
Factory Orders (MoM)	Bullish change	1.2%	1.6%
Initial Jobless Claims	(no change)	208K	208K
Nonfarm Productivity	Bearish change	3.5%	0.3%
Unit Labor Costs	Bullish change	0%	4.7%
Challenger Job Cuts	Bearish change	90.309K	64.789K
Fed Interest Rate Decision	(no change)	5.5%	5.5%
ISM Manufacturing Employment Index	Bullish change	47.4	48.6
ISM Manufacturing New Orders Index	Bearish change	51.4	49.1
ISM Manufacturing PMI	Bearish change	50.3	49.2
ISM Manufacturing Prices Paid	Bullish change	55.8	60.9
JOLTS Job Openings	Bearish change	8.813M	8.488M
ADP Employment Change	Bearish change	208K	192K
Chicago Purchasing Managers' Index	Bearish change	41.4	37.9
Housing Price Index (MoM)	Bullish change	-0.1%	1.2%
Employment Cost Index	Bullish change	0.9%	1.2%
Michigan Consumer Sentiment Index	Bearish change	77.9	77.2
UoM 5-year Consumer Inflation Expectation	(no change)	3%	3%
Core Personal Consumption Expenditures - Price Index (MoM)	(no change)	0.3%	0.3%
Core Personal Consumption Expenditures - Price Index (YoY)	(no change)	2.8%	2.8%
Personal Consumption Expenditures - Price Index (MoM)	(no change)	0.3%	0.3%
Personal Consumption Expenditures - Price Index (YoY)	Bullish change	2.5%	2.7%
Personal Income (MoM)	Bullish change	0.3%	0.5%
Personal Spending	(no change)	0.8%	0.8%
Pending Home Sales (MoM)	Bullish change	1.6%	3.4%
Gross Domestic Product Annualized	Bearish change	3.4%	1.6%
Gross Domestic Product Price Index	Bullish change	1.7%	3.1%
Initial Jobless Claims	Bullish change	212K	207K
Personal Consumption Expenditures Prices (QoQ)	Bullish change	1.8%	3.4%
Durable Goods Orders	Bullish change	0.7%	2.6%
Durable Goods Orders ex Defense	Bullish change	1.5%	2.3%
Durable Goods Orders ex Transportation	Bullish change	0.1%	0.2%
Nondefense Capital Goods Orders ex Aircraft	Bearish change	0.4%	0.2%
New Home Sales Change (MoM)	Bullish change	-5.1%	8.8%
S&P Global Composite PMI	Bearish change	52.1	50.9
S&P Global Manufacturing PMI	Bearish change	51.9	49.9
S&P Global Services PMI	Bearish change	51.7	50.9

About Core Personal Consumption Expenditures (QoQ)

Country:	United States
Currency:	USD
Source:	US Bureau of Economic Analysis
Category:	Consumption
Frequency:	Quarterly

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	Canada		Retail Sales (MoM)
	China		Retail Sales (YoY)
	Germany		Retail Sales (YoY)
	Eurozone		Retail Sales (YoY)
	New Zealand		Retail Sales (QoQ)
	United States		Michigan Consumer Sentiment Index
	United States		Retail Sales (MoM)
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	Australia		Retail Sales (QoQ)
	Canada		Retail Sales ex Autos (MoM)
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	Eurozone		Consumer Confidence
	Eurozone		Retail Sales (MoM)
	Japan		Large Retailer Sales
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	New Zealand		ANZ – Roy Morgan Consumer Confidence
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	United Kingdom		Retail Sales ex-Fuel (MoM)
	United Kingdom		GfK Consumer Confidence
	United Kingdom		Retail Sales (MoM)
	United Kingdom		Retail Sales ex-Fuel (YoY)
	United Kingdom		Retail Sales (YoY)
	United States		Consumer Confidence
	United States		Retail Sales ex Autos (MoM)
	United States		UoM 5-year Consumer Inflation Expectation
	United States		Personal Consumption Expenditures Prices (QoQ)
	United States		Personal Spending

Calendar - Core Personal Consumption Expenditures (QoQ) - United States

Core Personal Consumption Expenditures (QoQ)

Most recent - Thursday 25 April 2024 12:30

Next event - Thursday 30 May 2024 12:30

Trading range

Trading range after each Core Personal Consumption Expenditures (QoQ) event

Forecast history

Past events

Economic context

About Core Personal Consumption Expenditures (QoQ)

Related events