Earlier I posted a graph showing real monthly personal consumption expenditures (PCE) based on the monthly BEA report.
Here is a graph showing the year-over-year change in real PCE since 2003.
In September, the YoY change was 3.0%, about the same level as for the last few years.
Click on graph for larger image.
There was a significant decline in real PCE during the great recession, and real PCE was fairly weak during the first few years of the recovery - partially due to the ongoing weakness in housing following the housing bubble and bust.
More recently real PCE has been increasing at a fairly steady rate around 3.0% per year.
from Calculated Risk https://ift.tt/2zbLJaZ
via IFTTT
Here is a graph showing the year-over-year change in real PCE since 2003.
In September, the YoY change was 3.0%, about the same level as for the last few years.
Click on graph for larger image.There was a significant decline in real PCE during the great recession, and real PCE was fairly weak during the first few years of the recovery - partially due to the ongoing weakness in housing following the housing bubble and bust.
More recently real PCE has been increasing at a fairly steady rate around 3.0% per year.
from Calculated Risk https://ift.tt/2zbLJaZ
via IFTTT
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