Econoday Economic Report: Personal Income and Outlays

2019 Economic Calendar

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Personal Income and Outlays

Released On 4/29/2019 8:31:00 AM For Mar, 2019

	Prior	Consensus	Consensus Range	Actual
Personal Income - M/M	0.2 %	0.4 %	0.3 % to 0.5 %	0.1 %
Personal Consumption Expenditures - M/M	0.1 %	0.7 %	0.5 % to 0.8 %	0.9 %
PCE Price Index - M/M	0.1 %	0.3 %	0.2 % to 0.4 %	0.2 %
PCE Price Index - Y/Y	1.3 %	1.7 %	1.6 % to 1.9 %	1.5 %
Core PCE Price Index - M/M	0.1 %	0.1 %	0.0 % to 0.2 %	0.0 %
Core PCE Price Index - Y/Y	1.7 %	1.7 %	1.6 % to 1.9 %	1.6 %

	Prior Event	Current Event	US 6-Mo ChartGlobal Current
US: RPI	25	27	US 6-Mo ChartGlobal Current
underperformwithin consensusoutperform performance relative to consensus

Relative Performance Index

US: RPI = 27

Econoday's RPI provides a handy summary measure of how an economy has recently been evolving relative to market expectations.
A reading above zero means that the economy in general has been performing more strongly than expected and vice versa for a reading below zero. The closer is the value to the maximum (+100) or minimum (-100) levels, the greater is the degree to which markets have been under- or over-estimating economic activity. A zero outturn would imply that, on average, the market consensus has been correct. Note too that the index is sensitized to place extra weight upon those indicators that investors consider to be the most important.

Definition
Personal income represents the income that households receive from all sources including wages and salaries, fringe benefits such as employer contributions to private pension plans, proprietors' income, income from rent, dividends and interest and transfer payments such as Social Security and unemployment compensation. Personal contributions for social insurance are subtracted from personal income.

Personal consumption expenditures are the major portion of personal outlays, which also include personal interest payments and transfer payments. Personal consumption expenditures are divided into durable goods, nondurable goods and services. These figures are the monthly analogues to the quarterly consumption expenditures in the GDP report, available in nominal and real (inflation-adjusted) dollars. Economic performance is more appropriately measured after the effects of inflation are removed.

Each month, the Bureau of Economic Analysis also compiles the personal consumption expenditure price index, also known as the PCE price index. This inflation index measures a basket of goods and services that is updated annually in contrast to the CPI, which measures a fixed basket. Why Investors Care

2019 Release Schedule

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