This index shows the amount of money spent to satisfy personal requirements. It has three components: expenses to buy durable goods (furniture, cars, home appliances), expenses for soft goods (food, clothes) and payments for services. To estimate the amount of expenses for buying durable and soft goods, the index “Retails sales” is applied. It is harder to estimate the amount of payment for services, because this value is subject to a constant change, and this value is hard to predict.
“Personal spending” value is published monthly after 20th at 08:30 a.m EST (New York) simultaneous with "Personal income". Market impact is moderate. Growth of the index is positive for consolidation of national currency.