Definition: Consumption spending represents about 56% of the GDP and is divided into three categories: durable goods (items expected to last more than three years), nondurable goods (food and clothing), and services.
Related Indicators: A related concept is the one of the Personal Saving Rate, the fraction of personal income that is not consumed. Other related concepts are those of Personal Consumption Expenditures and Retail Sales that are published monthly rather than quarterly.
Source: Department of Commerce, Bureau of Economic Analysis,. NIPA dataset.
Frequency: Quarterly, revised monthly. The consumption for a given quarter is released together with the GDP figures in the first month following a quarter as the "advance estimate". The "preliminary estimate" is published in the second month, followed by the "revised" estimate in the third month.
Availability: Three to four weeks
following the reported quarter
Timing: Coincident indicator of the business cycle
Likely Impact on Financial Markets:
Graphs of the latest consumption and savings data from The Economic Statistics Briefing Room of the White House
The latest GDP report from BEA includes an analysis of the consumption trends in the latest quarter
You can see Consumption charts with theEconomic Chart Dispenser
You can create customized consumption charts with the Economic Chart Maker Tip: type "CONSUMPTION" in the Label section of the form and choose the transformation of the data you are interested in.
An analysis of the 1997-Q-3 GDP report from First Union
of the 1997-Q3 GDP report from Morgan Stanley's Stephen Roach
An Analysis of the 1997-Q2 GDP report from Morgan Stanley's Stephen Roach