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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Core Personal Consumption Expenditures QoQ climbed to 1.2% in Q2 2013
FMPMonthlyReleased April 2013
US Core Personal Consumption Expenditures QoQ climbed to 1.2% in Q2 2013, up 0.2% from March's 1.0% reading. The reading matched the 1.2% consensus. The print is running well above the 12-month average of 1.0%.
Latest Release
1.2
Actual
1.2
Consensus
1
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Bullish Stocks | → View |
| EUR/USD | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| USD/JPY | ▲ Direct | +0.40 | FOREX | Bullish USD | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Bearish Gold | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Core Personal Consumption Expenditures QoQ (United States) was reported at 1.2% in April 2013. This matched the market consensus of 1.2% exactly. The reading rose from the previous value of 1%. This is classified as a medium-impact indicator released on a monthly basis.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish Stocks). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include NY Empire State Manufacturing Index (Jun 15) and Industrial Production MoM (Jun 15).
Auto-generated from current model state · Refreshes on each release · Last update April 2013.
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Core Personal Consumption Expenditures QoQ - US
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About Core Personal Consumption Expenditures QoQ — United States
DEFINITION
Core Personal Consumption Expenditures QoQ is a key economic indicator that measures the change in the total amount of goods and services purchased by individuals and households in a given quarter, excluding volatile items such as food and energy. This indicator is closely monitored by economists and policymakers as it provides insight into consumer spending patterns and overall economic growth. A positive change in Core PCE QoQ indicates an increase in consumer spending, which can stimulate economic growth, while a negative change may signal a slowdown in economic activity.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2013): actual 1.2 %, consensus 1.2 %. Prior reading (Mar 2013): 1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print. Current dynamics are the primary headwind in the projection. This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.