• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

US personal spending rises 0.5% monthly as annual PCE reaches 3.6%

FinanceInternationalXTB.com30 s readAI summary
Image: XTB.com

US personal spending grew 0.5% month over month, below the 0.6% forecast, while the annual PCE rate stood at 3.6%. Core PCE rose 0.3% monthly and held its annual rate at 3.1%. Personal income rose 0.2% monthly. Meanwhile, annualized GDP posted preliminary growth of 3.4%, versus 2.2% previously, with annualized personal consumption at 3.8% and a GDP deflator of 2.2%.

In 30 seconds

  • Personal spending rose 0.5% monthly, below the 0.6% forecast and the prior 0.9%.
  • Annual PCE stood at 3.6% and core PCE held at 3.1% year over year.
  • Annualized GDP grew 3.4% in the preliminary reading, versus 2.2% previously.
Read the full story at XTB.com

IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.

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