Day

November 6, 2024

Growth – GDP and Consumer Spending

Real GDP growth slowed in 3Q24, but remained positive, largely driven by a rate of change acceleration in consumer goods spending. In y/y terms, Real Personal Consumption Expenditures (PCE) accelerated to 3.0% from 2.7% in the prior quarter. Real Goods PCE accelerated to 2.8% y/y from 2.1%, and Real Services PCE accelerated to 3.1% y/y...
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