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Event | Date | Time | For Period |
Currency | Actual | Forecast |
Personal Spending m/m is a monthly economic indicator that measures the change in the total amount of money spent by individuals and households on goods and services over a given month, compared to the previous month.
Personal Spending m/m is important because it provides insight into the level of consumer spending, which is a major driver of economic growth. Consumer spending accounts for a significant portion of Gross Domestic Product (GDP), which measures the total output of goods and services in an economy. A higher personal spending m/m indicates that consumers are spending more money, which can stimulate economic growth and job creation. Moreover, personal spending m/m is a key indicator of inflation. Higher levels of consumer spending can lead to increased demand for goods and services, which can push prices higher. Therefore, a higher personal spending m/m may suggest that inflationary pressures are building, which could prompt the Federal Reserve to raise interest rates to keep inflation in check.
ADP Employment Change NEXT:30-Apr-2025 |
Average Hourly Earnings NEXT:2-May-2025 |
Average Weekly Hours NEXT:2-May-2025 |
Budget Balance NEXT:12-May-2025 |
Building Permits NEXT:16-May-2025 |
Business Inventories / Sales Ratio NEXT:15-May-2025 |
Business Inventories m/m NEXT:15-May-2025 |
Business Inventories y/y NEXT:15-May-2025 |
Business Sales m/m NEXT:15-May-2025 |
Business Sales y/y NEXT:15-May-2025 |
Capacity Utilization Rate m/m NEXT:15-May-2025 |
Capital Account Balance NEXT:24-Jun-2025 |
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