Released Quarterly
Released by US Department of Commerce, Bureau of Economic Analysis
Personal Consumption Expenditures is the component of GDP that includes all consumer spending on durable goods (television sets, washing machines, computers, etc.), non-durable goods (orange juice, bread, tee-shirts, etc.), and services (fees for lawyers, doctors, plumbers, etc.).
In the United States, personal consumption has remained the driving factor for our economy. It currently accounts for about 2/3 of our nation's GDP, and keeping it strong has been vital to our recent economic prowess.
This particular series uses the value, expressed in real dollars, of all goods and services demanded by consumers. Economists most frequently adjust this and other GDP numbers for inflation, so that they can better compare fluctuations without loosing accuracy.
NEWSLETTER
Subscribe to our newsletter! Enter your email address here:
|
Get Stock Quote: Enter Symbol(s) |
SCREEN SAVER
Do you like our intro movie? Then download the
shortrun.com screen saver now!
|
|
