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Nowcast for Real Personal Consumption Expenditures: Services (PCESERVICESNOW)

Observation:

Q3 2018: 3.0275  
Updated: Aug 16, 2018

Units:

Percent Change at Annual Rate,
Seasonally Adjusted Annual Rate

Frequency:

Quarterly
1Y | 5Y | 10Y | Max
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(a) Nowcast for Real Personal Consumption Expenditures: Services, Percent Change at Annual Rate, Seasonally Adjusted Annual Rate (PCESERVICESNOW)
The Nowcast for Real Personal Consumption Expenditures: Services uses a nowcasting model to synthesize the bridge equation approach relating GDP subcomponents to monthly source data with factor model and Bayesian vector autoregression approaches.

The Federal Reserve Bank of Atlanta’s GDPNow release complements the quarterly GDP release from the Bureau of Economic Analysis (BEA). The Atlanta Fed recalculates and updates their GDPNow forecasts (called “nowcasts”) throughout the quarter as new data are released, up until the BEA releases its “advance estimate” of GDP for that quarter. The St. Louis Fed constructs a quarterly time series for this dataset, in which both historical and current observations values are combined. In general, the most-current observation is revised multiple times throughout the quarter. The final forecasted value (before the BEA’s release of the advance estimate of GDP) is the static, historical value for that quarter.

For futher information visit the source at https://www.frbatlanta.org/cqer/research/gdpnow.aspx?panel=1.

Nowcast for Real Personal Consumption Expenditures: Services

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(a) Nowcast for Real Personal Consumption Expenditures: Services, Percent Change at Annual Rate, Seasonally Adjusted Annual Rate (PCESERVICESNOW)
The Nowcast for Real Personal Consumption Expenditures: Services uses a nowcasting model to synthesize the bridge equation approach relating GDP subcomponents to monthly source data with factor model and Bayesian vector autoregression approaches.

The Federal Reserve Bank of Atlanta’s GDPNow release complements the quarterly GDP release from the Bureau of Economic Analysis (BEA). The Atlanta Fed recalculates and updates their GDPNow forecasts (called “nowcasts”) throughout the quarter as new data are released, up until the BEA releases its “advance estimate” of GDP for that quarter. The St. Louis Fed constructs a quarterly time series for this dataset, in which both historical and current observations values are combined. In general, the most-current observation is revised multiple times throughout the quarter. The final forecasted value (before the BEA’s release of the advance estimate of GDP) is the static, historical value for that quarter.

For futher information visit the source at https://www.frbatlanta.org/cqer/research/gdpnow.aspx?panel=1.

Nowcast for Real Personal Consumption Expenditures: Services

Select a date that will equal 100 for your custom index:
to

Customize data:

Write a custom formula to transform one or more series or combine two or more series.

You can begin by adding a series to combine with your existing series.

Now create a custom formula to combine or transform the series.
Need help? []

Finally, you can change the units of your new series.

Select a date that will equal 100 for your custom index:

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Shaded areas indicate U.S. recessions
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NOTES
Title Release Dates
Nowcast for Real Personal Consumption Expenditures: Services 2016-05-17 2018-08-16
 
Source    
Federal Reserve Bank of Atlanta 2016-05-17 2018-08-16
 
Release    
GDPNow 2016-05-17 2018-08-16
 
Units    
Percent Change at Annual Rate 2016-05-17 2018-08-16
 
Frequency    
Quarterly 2016-05-17 2018-08-16
 
Seasonal Adjustment    
Seasonally Adjusted Annual Rate 2016-05-17 2018-08-16
 
Notes    
The Nowcast for Real Personal Consumption Expenditures: Services uses a nowcasting model to synthesize the bridge equation approach relating GDP subcomponents to monthly source data with factor model and Bayesian vector autoregression approaches.

The Federal Reserve Bank of Atlanta’s GDPNow release complements the quarterly GDP release from the Bureau of Economic Analysis (BEA). The Atlanta Fed recalculates and updates their GDPNow forecasts (called “nowcasts”) throughout the quarter as new data are released, up until the BEA releases its “advance estimate” of GDP for that quarter. The St. Louis Fed constructs a quarterly time series for this dataset, in which both historical and current observations values are combined. In general, the most-current observation is revised multiple times throughout the quarter. The final forecasted value (before the BEA’s release of the advance estimate of GDP) is the static, historical value for that quarter.

For futher information visit the source at https://www.frbatlanta.org/cqer/research/gdpnow.aspx?panel=1.

2016-05-17 2018-08-16
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Personal Consumption Expenditures Personal Income & Outlays National Income & Product Accounts National Accounts

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Nowcast Atlanta Fed Projection Consumption Expenditures Consumption Services Personal Real Quarterly Seasonally Adjusted Rate United States of America Nation
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