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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Real Consumer Spending QoQ Adv fell to 2.5% in Q1 2024
FMPMonthlyReleased April 2024
US Real Consumer Spending QoQ Adv fell to 2.5% in Q1 2024, released April 2024, down 0.8% from December's 3.3% reading. The reading missed the 2.8% consensus by 0.3%. Real Consumer Spending QoQ Adv has now declined for 3 consecutive months. Real Consumer Spending QoQ Adv is now the lowest in 6 months.
Latest Release
2.5
Actual
2.8
Consensus
3.3
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
Real Consumer Spending QoQ Adv (United States) was reported at 2.3% in July 2024. The reading rose from the previous value of 1.5%.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 2.53%, down from the prior three at 3.1%.
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 MBA 30-Year Mortgage Rate (Jun 17) and Retail Sales MoM (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update July 2024.
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Real Consumer Spending QoQ Adv - US
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About Real Consumer Spending QoQ Adv — United States
DEFINITION
Real Consumer Spending QoQ Adv is a financial indicator that measures the change in consumer spending from one quarter to the next, adjusted for inflation. This metric provides insight into the overall health of the economy and consumer confidence, as higher levels of spending typically indicate a strong economy. It is a key measure for businesses and investors to track in order to make informed decisions about consumer-driven industries and the overall market.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2024): actual 2.3 %. Prior reading (Jan 2024): 2.5 %. Before that (Oct 2023): 2.8 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.