"Personal consumption" refers to the act of using or enjoying goods, services, and resources for one's own needs or desires. It includes the things we buy and use for ourselves, such as food, clothing, entertainment, and personal care items.
Full definition
They use a different inflation measure based
on personal consumption expenditures, which runs lower than the consumer price index.
With personal consumption accounting for nearly 70 percent of all economic activity, however, the administration will be hard pressed to lift growth substantially if consumers remain cautious about opening their wallets.
This index considers distribution, defensive expenditures, and the sustainability of the economy, as well
as personal consumption of goods and services.
In fact, a pickup in housing spending is emerging: in the fourth
quarter personal consumption rose at the fastest pace since the first quarter of 2006.
Here, I'll look at the question of transformation via
personal consumption choices in societies of mass consumption, which I touched on a while back.
We would support reductions in inequality and
excessive personal consumption, as well as measures to encourage more efficient and environmentally sensitive commercial and governmental practices.
Personal consumption expenditures in real (inflation adjusted) terms have been rising at a 3 percent annual rate since late spring and don't show signs of a major decline.
The regulation
of personal consumption is rather out - of - sorts with the underlying political ideology of the age.
Growing awareness of the risks of climate change, incentives to
reduce personal consumption, and green innovations will all help people make more responsible consumption choices.
In reality, large expenditures on alcohol and tobacco and junk food, all included
in personal consumption, do not always add to human well - being.
It has been running on government «steroids», which will be withdrawn at the end of 2010 - 11, the strength of the housing sector and
heavy personal consumption.
The Federal Reserve's preferred measure of U.S. inflation, the
core personal consumption expenditures index, is seen stuck at 1.6 % for the year to September, exactly where it has been since March.
«After yesterday's Consumer Price Index release from the US Bureau of Labor Statistics and this morning's retail sales report from the US Census Bureau, the nowcast of first - quarter
real personal consumption expenditures growth fell from 2.2 % to 1.4 %,» the Atlanta Fed said.
Specifically, personal income increased $ 47.8 billion (0.3 %) in March,
while personal consumption expenditures (PCE) increased $ 61.7 billion (0.4 %).
This process is already underway; fourth quarter GDP figures indicated
personal consumption grew at its highest rate in years, bolstered by the decline in oil prices.
More disheartening was that average hourly earnings produced a negative number, which failed to confirm and support the earlier released
personal consumption data.
That's
U.S. personal consumption graphed against spending on capital goods; one represents some 70 % of GDP and the other represents about 4.5 % of GDP.
These include spending on consumer durable goods, education, and, possibly, medical care, and their combined share of
total personal consumption expenditures (PCE) rose over the period in which the saving rate declined.
I have no agendas or goals or visions, other than what I perceive God reveals to me for my
own personal consumption, and that's my business, nobody else's.
Continued lackluster U.S. economic activity right up until today's
slower personal consumption expenditures (PCE) report may have pushed rates lower during the last week of the month and into June's start.
One simple strategy for managing concentration risk could be to sell the stock outright and subsequently redirect the proceeds into a more diversified investment portfolio (or to
other personal consumption needs).
While inflation is not showing up in the traditional indicators
like personal consumption expenditures and the Consumer Price Index, Rosenberg said it is elsewhere — «art, equities, corporate credit, real estate, cryptocurrencies, commodities, precious metals.
click for PDF graphics Standard and Poors 500 Nasdaq Composite Dow Jones Industrial Average Nikkei 225 Household Debt Percent Personal
Income Personal Consumption Expenditures as % of Disposable Personal Income Performance of Real PCE vs. 1991, 2001 and Avg of Last Six Expansions Economy (Index of Coincident Economic Indicators)-- Revised
Inflation data published last week showed the
headline personal consumption expenditure (PCE) inflation index hit a 2 per cent annual pace in the year to March and the Fed's preferred underlying measure, the core PCE which excludes volatile energy and food items, rose to 1.9 per cent.
Last Friday's disappointing GDP report, underscored by the weakest sequential
quarterly personal consumption growth in over seven years, came as no surprise.
The Fed's
preferred Personal Consumption Expenditures price index hit the two - percent target in March for the first time in nearly a year, while «core» inflation, which excludes volatile food and energy prices, was 1.9 percent.
Actually, all the extra costs involved in detouring around broken bridges and arranging for temporary housing will show up as positive contributions to
personal consumption rather than costs to be subtracted from it.
Furthermore — and this is the final reason for advocating a greater emphasis on reducing inequality — it should be popular with the kind of people who are likely to vote for us, generally highly educated, socially liberal and progressive, concerned about the quality of life, not
just personal consumption.
In Mexico consumption of small amounts was decriminalized whereas in
Uruguay personal consumption was never a crime, although in 2013 the country passed a law allowing the production and sale of marijuana in amounts regulated by the state.
Phrases with «personal consumption»