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
Oct-1713473.53
Nov-1713472
Dec-1713448
Jan-1813413
Feb-1813386
Mar-1813368
Apr-1813359

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.