Personal Income and Consumption
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 |
Source: http://www.bea.doc.gov/bea/rels.htm
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