U.S. PCE price index unchanged in September

Note: This section contains information in English only.
Source: Bloomberg
The Bureau of Economic Analysis reported on Monday the U.S. personal consumption expenditure price index was unchanged in September. Month over month, prices of goods purchased by consumers, excluding food and energy, increased by 0.1% last month, unchanged from a preceding month's reading and in compliance with expectations. Consumer spending, which accounts for about 70% of the U.S. GDP, climbed by 0.8% compared to a 0.5% growth in August, which was higher than an expected increase of 0.6%.

"We have some positive momentum that we could gradually build on over time. Household balance sheets are improving. There's some pent-up demand, especially for motor vehicles. The expansion will continue." a chief economist at Raymond James & Associates Inc., Scott Brown, said before the data release.
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Mon, 29 Oct 2012 14:07:25 GMT

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