Current Forecast of US Personal Consumption Expenditures

Units: Billion USD, .  Seasonally Adjusted, Annual Rate.

Solid Line = Actual Values.  Dashed Line = Predicted Values.



Forecast Values for US Personal Consumption Expenditures

DateForecast
Jan-1813687.71
Feb-1813728
Mar-1813769
Apr-1813799
May-1813830
Jun-1813860
Jul-1813889

How This Forecast is Produced

The forecast of the indicator above is produced using Multichannel Singular Spectrum Analysis, or MSSA.

The forecast is made by using MSSA to decompose the time series into a trend component and many cyclical components.  The decomposed components of the time series are then projected forward in time.