AI Data Insight
The annualized quarter-over-quarter growth rate of nondurable goods in the US nominal GDP personal consumption expenditures (PCE) for the third quarter of 2026 dropped to -0.4%, a sharp reversal from the previous value of 10.1%. Although the overall real GDP growth of 3.4% beat market consensus, the decline in oil prices heavily dragged down nominal nondurable goods spending. Subsequent attention should be paid to the resilience of core consumption.