The portion of GDP that is solely contributed by the consumption of consumer goods and services. These goods and services are generally targeted towards individuals and are meant to reflect household expenditures rather than corporate spending. Consumption spending may spark inflationary pressures, which could lead the Canadian central bank to raise interest rates. Changes in consumption spending can also be used as a measure of economic growth, but are not heavily relied upon since individuals can increase consumption without necessarily having an increase in income (e.g. by saving less or borrowing). The report’s importance is further deluded by its lack of timeliness.
The headline value is usually the percentage change in consumption spending from the previous month.
Relevance: Rarely affects markets
Release schedule : 8:30 AM (EST); quarterly
Source of report : Statistics Canada
Web Address : http://www.statcan.ca/start.html
Address of Release : http://www.statcan.ca/english/Release/index.htm
Refer Year > Gross domestic product by industry
AKA : Consumption, Personal Consumption Expenditures, Household Expenditures
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