Personal Consumption / Expenditures (Personal Spending)
PCE is comprised of three categories: durables, nondurables, and services. The retail sales report provides a good read on durable and nondurable consumption. Service purchases tend to grow at a fairly steady pace, making this a relatively predictable report. Economic recession often occurs once consumers stop spending money, which triggers decrease in demand. On the back of it this indicator increase is a positive factor for the national economy development. This indicator increase may trigger growth in Retail Sales, which is a positive factor for economic development and triggers USD rise.
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