{"id":1004147089,"date":"2016-06-30T04:50:23","date_gmt":"2016-06-30T12:50:23","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004147089"},"modified":"2022-12-05T01:19:23","modified_gmt":"2022-12-05T09:19:23","slug":"economy-watch-consumers-up-their-spending-in-may","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-consumers-up-their-spending-in-may\/","title":{"rendered":"Economy Watch: Consumers Up Their Spending in May"},"content":{"rendered":"<p>By Dees Stribling, Contributing Editoar<\/p>\n<div id=\"attachment_1004147091\" style=\"width: 410px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/BEA-PCE-Growth-0616.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004147091\" data-attachment-id=\"1004147091\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-consumers-up-their-spending-in-may\/bea-pce-growth-0616\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/BEA-PCE-Growth-0616.jpg\" data-orig-size=\"699,214\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Samantha Goldberg&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1467276206&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"BEA PCE Growth 0616\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Credit: Bureau of Economic Analysis, Personal Income and Outlays, May 2016&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/BEA-PCE-Growth-0616.jpg?w=699\" class=\"wp-image-1004147091\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/BEA-PCE-Growth-0616.jpg\" alt=\"Credit: Bureau of Economic Analysis, Personal Income and Outlays, May 2016\" width=\"400\" height=\"122\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/BEA-PCE-Growth-0616.jpg 699w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/BEA-PCE-Growth-0616.jpg?resize=300,92 300w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/a><p id=\"caption-attachment-1004147091\" class=\"wp-caption-text\">Credit: Bureau of Economic Analysis, Personal Income and Outlays, May 2016<\/p><\/div>\n<p>Personal consumption expenditures (PCE), meaning people spending their money, rose a robust 0.4 percent in May compared with April, the <a href=\"https:\/\/www.bea.gov\/newsreleases\/national\/pi\/pinewsrelease.htm\" target=\"_blank\" rel=\"noopener\">Bureau of Economic Analysis reported<\/a> on Wednesday. The increase in spending activity\u2014which is always a good thing for the retail sector directly, and other property sectors indirectly\u2014comes on the heels of the upwardly revised 1.1 percent rise the month before.<\/p>\n<p>Real spending (that is, taking price increases\u00a0into consideration) was also strong, gaining a further 0.3 percent between April and May, following an upwardly revised 0.8 percent month-over-month gain between March and April. Since incomes didn&#8217;t go up that much for either month, some of the spending increase represented a drawdown in savings.<\/p>\n<p>The report also suggested that inflation isn&#8217;t heating up very much. The core PCE index rose at a subdued 0.2 percent monthly pace in May, which keeps the annual pace of core inflation unchanged at about 1.6 percent year-over-year.<\/p>\n<p>Overall, the spending report suggests a rebound in economic growth momentum following a weak first quarter, with GDP growth predicted to rise to an annualized 3 percent or more in the second quarter (compared with 1.1 percent in the first). But the data represents PCE before the most recent uncertainties in the global economy, so it&#8217;s an open question as to whether future increases will be so robust, since nervous people tend to shop a little less.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>People were out spending more in May, suggesting a rebound in economic growth momentum following a weak first quarter of 2016.<\/p>\n","protected":false},"author":1023,"featured_media":1004147091,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742,21749],"tags":[],"class_list":["post-1004147089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest","category-retail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Economy Watch: Consumers Up Their Spending in May - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-consumers-up-their-spending-in-may\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: Consumers Up Their Spending in May\" \/>\n<meta property=\"og:description\" content=\"People were out spending more in May, suggesting a rebound in economic growth momentum following a weak first quarter of 2016.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-consumers-up-their-spending-in-may\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-06-30T12:50:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-05T09:19:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/BEA-PCE-Growth-0616.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"699\" \/>\n\t<meta property=\"og:image:height\" content=\"214\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dees Stribling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-consumers-up-their-spending-in-may\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-consumers-up-their-spending-in-may\\\/\"},\"author\":{\"name\":\"Dees Stribling\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc1e9fa4ee0430d86f8e60cd697c953c\"},\"headline\":\"Economy Watch: Consumers Up Their Spending in May\",\"datePublished\":\"2016-06-30T12:50:23+00:00\",\"dateModified\":\"2022-12-05T09:19:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-consumers-up-their-spending-in-may\\\/\"},\"wordCount\":256,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-consumers-up-their-spending-in-may\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/06\\\/BEA-PCE-Growth-0616.jpg\",\"articleSection\":[\"National\",\"News\",\"Retail\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-consumers-up-their-spending-in-may\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-consumers-up-their-spending-in-may\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-consumers-up-their-spending-in-may\\\/\",\"name\":\"Economy Watch: Consumers Up Their Spending in May - 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