Personal Income and Consumption

Importance: High.
Source: The Bureau of Economic Analysis of the Department of Commerce.
Release Time: 8:30 ET the fourth week of each month (data for the month prior).
Volatility: Medium.
Web: http://www.bea.doc.gov/bea/rels.htm

The Commerce Department releases the Personal Income and Consumption figures the fourth week of each month, the day after GDP figures are published, using data from the previous month. Personal income is used to guage future consumer demand. The largest component of Personal income is wages and salaries. Other categories include rental income, government subsidy payments, interest income, and dividend income. A component of this figure covers personal consumption expenditures or PCE. PCE is comprised of three categories: durables, nondurables, and services.

Market Reaction:

Event Fixed Income Equities Dollar
Personal Income Up Bond Market Down Stock Market Up Dollar Up
Consumption Up Bond Market Down Stock Market Up Dollar Up
Personal Income Down Bond Market Up Stock Market Down Dollar Down
Consumption Down Bond Market Up Stock Market Down Dollar Down

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