actual 0.5, previous 0.2
The event is the "Personal Spending MoM (Month-over-Month) for September" in the United States. It is a high-impact economic indicator.
- **Actual**: The actual value reported for the month is 0.5%.
- **Forecast**: The market consensus or estimate was 0.4%.
- **Previous**: The previous month's value was 0.2%.
- **Change**: The difference between the actual and previous values is 0.3%.
- **Change Percentage**: The percentage change between the actual and previous values is 150%.
This event provides insights into the spending behavior of consumers in the US, which is a crucial component of the overall economic activity. A higher-than-expected personal spending figure can indicate a strong economy, as it suggests that consumers are confident and spending more. Conversely, a lower-than-expected figure may signal a weaker economy.