US personal spending rises 0.5% monthly as annual PCE reaches 3.6%
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.
IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.




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