The nominal PCE of the U.S. is likely to have increased in March. According to a TD Economics report, personal spending is expected to have risen 0.2 percent, reflecting a decline in spending on durables and modest gains throughout nondurables and services expenditure.
There are some downside risks given the slowdown of the economic growth to 0.3 percent in the first quarter of 2017. However, the downward revisions to the earlier months cannot be excluded, signifying that a 0.2 percent figure in March is not out of reach, noted TD Economics.
The latter is possible given the solid rebound in March core retail sales. In the meantime, March personal incomes are expected to have expanded a more modest 0.2 percent, consistent with the 4 percent annualized growth rate in the first quarter, added TD Economics.
The material has been provided by InstaForex Company – www.instaforex.com
April 29, 2017 at 05:21AM
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