US March personal spending -7.5% vs -5.0% expected
Read full post at forexlive.com
Highlights of the March 2020 PCE report:
Inflation:
– PCE core MoM -0.1% vs -0.1% expected
– Prior MoM +0.2%
– Deflator YoY 1.7% vs +1.6% expected
Consumers spending and income for March: Personal income -2.0% vs -1.7% expected. Prior month +0.6% Personal spending -7.5% vs -5.1% expected. Prior month +0.2% Real personal spending -7.3% vs -6.2%
Inflation:
– PCE core MoM -0.1% vs -0.1% expected
– Prior MoM +0.2%
– Deflator YoY 1.7% vs +1.6% expected
Consumers spending and income for March: Personal income -2.0% vs -1.7% expected. Prior month +0.6% Personal spending -7.5% vs -5.1% expected. Prior month +0.2% Real personal spending -7.3% vs -6.2%