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A widely watched gauge of spending, MasterCard Advisors SpendingPulse, found apparel sales rose 9.7 percent in the first two weeks of November.
Orders for nonmilitary capital goods excluding aircraft, a gauge of spending by businesses on new equipment used in manufacturing, rose 3.4percentt after having climbed half a percent in May.
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The next major catalysts for a market move, he said, will be gauges of spending by consumers on the traditional shopping rush on the day after Thanksgiving.
PCE is a key gauge of consumer spending on goods and services and demonstrates how much income is being spent rather than saved for future use.
A category of durable goods that can be a gauge of business spending also rose.
So the company's results are watched as a gauge of technology spending trends.
Major retailers are scheduled to release sales data, which will provide a gauge of consumer spending during the holiday season.
Production of information processing equipment, a gauge of capital spending, fell 1.9percentt in April, after rising 0.3percentt in March.
A closely watched gauge of business spending, which measures orders for civilian capital goods outside of aircraft, fell 2percentt.
I.B.M., as the world's largest supplier of information technology to corporations and governments, is closely watched as a gauge of technology spending trends.
Orders for new machinery, a crucial gauge of capital spending plans, fell 7.8percentt in November from a month earlier as steel makers and transportation companies cut demand.
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