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Topic: Personal consumption expenditure

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	Consumption (economics) - Wikipedia, the free encyclopedia
		personal consumption expenditure and is determined by the consumption function, especially by the marginal propensity to consume.
		Consumption can also be defined as "the selection, adoption, use, disposal and recycling of goods and services", as opposed to their design, production and marketing.
		Consumption studies are difficult because they involve investigating everyday life situations, bringing research into the private domain, rather than formalised settings such as the workplace.
	en.wikipedia.org /wiki/Consumption_(economics) (604 words)

	PRM 255 Sustainable Economic Development (Lecture Notes)
		Personal consumption expenditure (C) includes household expenditures on services, such as housing, utilities, transportation, and medical care, nondurable goods, such as food, clothing, and gasoline, and durable goods, such as motor vehicles, furniture, and household equipment.
		In 1999, personal consumption expenditure (C) was $6,257.3 billion, gross private investment (I) was $1,622.7 billion, government expenditure and investment (G) was $1,630.1 billion, and net exports (NX) were -$253.9 billion.
		A very strong definition of sustainability would require all stocks of Kn to be maintained in addition to sustaining the per capita value of Q. The feasibility of these different definitions of sustainable economic development obviously depends on what value of Q or stock of Kn is chosen as the level to be sustained.
	www.msu.edu /course/prm/255/green_gnp.htm (2375 words)

	NSCB - Fourth Quarter 2005 GNP - Personal Consumption Expenditure (PCE)
		Clothing and Footwear and Household operations showed increased expenditures, growing by 5.5 percent from 4.5 percent and 3.1 percent from 2.8 percent, respectively.
		Food expenditure maintained its growth of 5.7 percent as in the previous year.
		Cutbacks in expenditures were also noted in the following sub-sectors: Fuel, light and water, with negative 2.7 percent from last year’s positive 1.0 percent; Household furnishings, negative 2.9 percent from 2.7 percent; Beverages, negative 2.2 percent from 5.1 percent; and Tobacco, negative 1.6 percent from 1.0 percent in the same period last year.
	www.nscb.gov.ph /sna/2005/4thQ2005/2005pce4.asp (176 words)

	US economy’s falling savings rate
		Since consumption expenditure is the main driving force of the economy, obviously a rebound in savings, which implies less consumption, cannot be good for economic activity, so it is held.
		to consume less, the fall in his consumption is offset by the increase in the consumption of individuals that are engaged in the intermediary stages of production.
		Finally the information on monetary expenditure and the various prices of goods and services are fed into a modified Fisher index, which in turn generates the estimate of percentage changes of the total of real goods and services.
	www.brookesnews.com /062602ussavings.html (2939 words)

	Proposal for a Consumption Expenditure Tax
		Gifts to individuals outside the family are not a consumption expenditure by the donor.
		They are deducted here because they are not voluntary expenditure in the usual sense of "expenditure" (incidentally, of course, much so-called voluntary expenditure is involuntary because it is dictated by necessity, custom, etc.), and because the actual burden of a large fine can become inordinate if both the income and spendings taxes are highly graduated.
		If the two tax forms are to be combined it is recommended that the filing requirement be modified to read "having gross receipts from all sources, gross income, or a total expenditure, during the taxable year, of" the sum specified, and that the filing requirement be the same for both taxes.
	www.taxhistory.org /Civilization/Documents/Spending/hst9369/9369-1.htm (2644 words)

	NSCB - Third Quarter 2005 GNP - Personal Consumption Expenditure (PCE)
		NSCB - Third Quarter 2005 GNP - Personal Consumption Expenditure (PCE)
		The upsurge in remittances of the country’s OFWs stirred up consumer spending during the period but at a slower pace, with PCE growing at 4.8 percent from 5.5 percent in the previous year.
		Cutbacks in expenditure were noted in Beverages, which declined by 2.6 percent from a growth of 4.1 percent; Clothing and footwear, down by 1.1 percent from a growth of 3.1 percent; and Household furnishings, down by 3.3 percent from a growth of 2.7 percent.
	www.nscb.gov.ph /sna/2005/3rdQ2005/2005pce3.asp (108 words)

	GDP Growth Slows
		This growth is a deceleration from the 4.5% boost over the first quarter, and was driven by a decline in personal consumption expenditures.
		Consumers moderated their spending, indicated by personal consumption expenditure growth decelerating to an annual rate of 1.0%, from last quarter’s robust 4.1%.
		With inventories shrinking despite a continued growth in disposable personal income and personal consumption expenditures, retailers are under more pressure than ever to meet the demands of consumers, Brady said.
	fleetowner.com /news/fleet_gdp_growth_slows/index.html (342 words)

	Asian Development Outlook 2003 - Philippines - ADB.org
		On the demand side, personal consumption expenditure continued to be the main driver of rising GDP.
		Public expenditures are estimated to have remained at about 19.0% of GDP during 2002, with the wage bill and other mandated expenditures, such as interest payments and allocations to local government units (LGUs), accounting for a large part of total central government expenditures.
		Agricultural growth is expected to moderate because of continuing effects from El NiÃ±o, while growth in the industry sector should remain at the same level as in 2002, due to an expected moderate strengthening in the global economy, somewhat offset by continued weakness in domestic industry and sluggish investment demand.
	www.adb.org /Documents/Books/ADO/2003/phi.asp (2634 words)

	Chapter 5 -- True or False (Site not responding. Last check: 2007-08-31)
		If the marginal propensity to consume is 0.8, and disposable income is $200 billion, personal consumption expenditure equals $160 billion.
		If the average propensity to consume is 0.9, and disposable income is $100 billion, personal consumption expenditure equals $90 billion.
		Since the cost of an investment is bound to increase, all other things equal, with the increase in the rate of interest, a given investment will be less profitable when the interest rate is high than when it is low.
	www.wwnorton.com /college/econ/ecu/quiz/Tf05/Tf05.htm (182 words)

	Country Economic Review - Philippines - ADB.org
		Continuing to be surprisingly resilient, economic growth for the first 9 months was 6.5%, higher than expected and likely to result in full-year growth in excess of projections.
		The services sector contributes most on the supply side, while the demand-side is led by personal consumption expenditure, assisted by strong inflows of remittances from the almost one-in-ten Filipinos working abroad.
		The core of the Government's fiscal consolidation effort is a raft of new tax measures, supplemented by improvement in collection efficiency for existing taxes, institutional strengthening of tax agencies, more effective public expenditure prioritization, enhanced transparency in public procurement, and reduced corruption.
	www.adb.org /Documents/CERs/PHI/2004/execsum.asp (840 words)

	TheStreet.com: Hey, Big Spender
		COCOA BEACH, Fla. -- The May personal consumption expenditure numbers released Monday showed that spending continues to boom even more this year than it did last.
		And the 1998 consumption increase went down as the biggest since 1984.
		And it is currently on track to rise 6.8% during the second quarter, which, alongside an 8% first-quarter gain, produces a 7.4% increase for the first half of 1999.
	www.thestreet.com /pf/comment/economics/760458.html (400 words)

	Personal spending edges up - Dec. 23, 2003 (Site not responding. Last check: 2007-08-31)
		The department also said personal income rose 0.5 percent after rising a revised 0.2 percent in October.
		Perhaps more critically for the Federal Reserve, the personal consumption expenditure (PCE) price index fell 0.1 percent, its first decline since April.
		But personal income growth -- which includes interest and other non-wage income -- rose in November at the fastest pace since 0.6 percent in May, driven in large part by 0.3-percent growth in wages and salaries, also the strongest since May and a hopeful sign for future consumer spending.
	money.cnn.com /2003/12/23/news/economy/personal_spending/index.htm (720 words)

	Newsroom \| Fact Sheets \| Commercial Consumption Expenditure \| Visa Corporate
		Called the Commercial Consumption Expenditure (CCE) index, the metric enables the financial industry to measure and forecast the actual and future penetration of commercial payments products.
		The index draws upon government data in a way similar to the Personal Consumption Expenditure (PCE) index, which monitors consumer spending.
		The global CCE is estimated using four key data elements: the amount of business-to-business purchases to acquire goods and services used in production (called intermediate inputs); wholesale and retail purchases of final goods; some business capital expenditures; and government spending on goods and services.
	www.corporate.visa.com /md/fs/commercial/cce_print.jsp (742 words)

	Personal Consumption Expenditures - PCE
		It consists of the actual and imputed expenditures of households and includes data pertaining to durables, non-durables, and services.
		Similar to the consumer price index (CPI), PCE is a report (actually a part of the personal income report) put out by the Bureau of Economic Analysis of the Department of Commerce.
		The PCE is a fairly predictable report that has little impact on the markets.
	www.investopedia.com /terms/p/pce.asp (275 words)

	Forex - US dollar mixed in Sydney morning, PCE data crucial to halt slide - Forbes.com (Site not responding. Last check: 2007-08-31)
		SYDNEY (AFX) - The US dollar was trading mixed against the major currencies, but tonight's personal consumption expenditure data is seen as key to halt the overnight slide in the currency, dealers said.
		They said the focus on tonight's core PCE deflator for February has heightened, with a result of at least 0.1 pct for the month following the 0.2 pct rise in January seen as a first step in halting the US dollar's sell-off.
		However, they said the core price index for personal consumption expenditures in the GDP data was revised up to 2.4 pct from 2.1 pct which is likely to reinforce the Federal Reserve's concern over inflation pressures.
	www.forbes.com /markets/feeds/afx/2006/03/30/afx2635662.html (829 words)

	[No title]
		Payment of $1 billion to Saudi Arabia for crude oil to add to reserves counts as government consumption and would add to GDP, but will also be subtracted off as imports -- the net effect is that GDP is unchanged.
		Buying a new car from a US producer is personal consumption expenditure and adds to GDP.
		While PCE adds to GDP, the same value is subtracted off when classed as imports, so that GDP is unchanged.
	www.pitt.edu /~mgahagan/Bern6.htm (1316 words)

	Pronunciation: "e-k&-'nä-miks, "E-k&- (Site not responding. Last check: 2007-08-31)
		Economics is social science concerned with the production, exchange, distribution, consumption of goods and services.
		The main determinants of final demand are consumption (personal expenditure on items such as food, clothing, appliances, and cars), investment (spending by businesses on items such as new facilities and equipment), government spending, and net exports (exports minus imports).
		Macroeconomic theory is largely concerned with what determines the size of GNP, its stability, and its relationship to variables such as unemployment and inflation.
	www.personal.ecu.edu /jat0124/default_files/Economics.htm (593 words)

	Stock Futures Mixed; Overseas Markets Up, Stock Futures Are Mixed Ahead of Holiday Weekend, Economic Data - CBS News
		Dow Jones futures were recently up 12 points, SandP 500 futures eased 0.7 of a point, and Nasdaq futures were down 0.8 of a point.
		Friday's data schedule includes the April core personal consumption expenditure deflator, seen edging up 2.1 percent on an annualized basis, as well as data on April personal income and personal consumption expenditure.
		After the market open, the final release of the University of Michigan's consumer sentiment will be unveiled, with expectations it will be revised higher somewhat.
	www.cbsnews.com /stories/2006/05/26/ap/business/mainD8HRF0G00.shtml (492 words)

	ECC 2300: Current Issues in Macroeconomic Policy
		If real GDP is growing at 2% and population is growing at 1%, what is the growth rate in real per capita GDP?
		Initially gross national expenditure is $100m, consumption expenditure is $60m, investment expenditure is $20m and government expenditure is $20m.
		If government expenditure grows at 5% with consumption and investment expenditure constant, what will be the growth rate in gross national expenditure?
	www-personal.buseco.monash.edu.au /~lcook/2300/raqs-21.htm (406 words)

	What Do Chain Store Sales Tell Us about Consumer Spending? - Federal Reserve Bank of New York
		The authors begin by exploring the extent to which developments in chain store sales are representative of retail sales trends overall.
		They then conduct formal statistical tests of the relationship between chain store data and official measures of total retail sales and personal consumption expenditure.
		They find that monthly chain store indexes, if given the appropriate weights in forecast models, significantly improve the accuracy of predictions for several measures of consumer spending.
	www.newyorkfed.org /research/epr/96v02n2/9610harr.html (142 words)

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