US Personal Consumption Expenditures (PCE) Show Modest Increase in May

Friday, 28 June 2024, 12:30
The latest data reveals that the US core PCE index grew by 0.1% in May, meeting expectations but indicating a gradual uptrend in consumer spending. This slight positive deviation may suggest a strengthening economy as consumer demand shows resilience amidst evolving market conditions.
ForexLive
US Personal Consumption Expenditures (PCE) Show Modest Increase in May

US May Core PCE Data Report

The US core PCE index recorded a growth of 0.1% in May, in line with forecasts. This data indicates a modest increase in consumer spending, reflecting the ongoing recovery.

Key Insights:

  • Core PCE index stood at 0.1% in May
  • Meeting market expectations
  • Sign of consumer resilience
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