US nominal consumer spending likely to reaccelerate

In October, PCE for current-dollar likely recorded largest gain in 5  months, rising to 0.5%, prior to this, there was a modest rise of 0.1% in September.

"Solid unit motor vehicle sales, combined with our projected pickup in retail control purchases and higher gasoline pump prices, suggest that goods outlays rose by 0.6% during the reference period, more than offsetting the prior period's 0.5% decline", says Societe Generale in a research note. 

Nominal services spending is likely to edge up , notwithstanding a weather induced reduction in consumer utilities bills, for a second staright month.