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US Personal Spending Rises on Strong Services Demand
US personal spending increased 0.4% month-over-month in January 2026, or $81.1 billion, matching December’s pace and slightly beating market expectations of 0.3%. The increase was primarily driven by higher services spending, which rose $105.7 billion, led by health care (+$37.4 billion), housing and utilities (+$24.4 billion), financial services and insurance (+$16.0 billion), nonprofit institutions’ expenditures (+$14.8 billion), and other services (+$11.0 billion). In contrast, goods spending declined by $24.6 billion, pulled down by lower purchases of motor vehicles and parts (-$29.3 billion), gasoline and other energy goods (-$15.3 billion), and clothing and footwear (-$3.4 billion). Still, inflation-adjusted consumer spending increased only 0.1%.
Published on 2026-03-13

US Personal Spending Rises on Strong Services Demand
US personal spending increased 0.4% month-over-month in January 2026, or $81.1 billion, matching December’s pace and slightly beating market expectations of 0.3%. The increase was primarily driven by higher services spending, which rose $105.7 billion, led by health care (+$37.4 billion), housing and utilities (+$24.4 billion), financial services and insurance (+$16.0 billion), nonprofit institutions’ expenditures (+$14.8 billion), and other services (+$11.0 billion). In contrast, goods spending declined by $24.6 billion, pulled down by lower purchases of motor vehicles and parts (-$29.3 billion), gasoline and other energy goods (-$15.3 billion), and clothing and footwear (-$3.4 billion).
Published on 2026-03-13

US Personal Spending Rises on Strong Services Demand
US personal spending increased 0.4% month-over-month in January 2026, or $81.1 billion, matching December’s pace and slightly beating market expectations of 0.3%. The increase was primarily driven by higher services spending, which rose $105.7 billion, led by health care (+$37.4 billion), housing and utilities (+$24.4 billion), financial services and insurance (+$16.0 billion), nonprofit institutions’ expenditures (+$14.8 billion), and other services (+$11.0 billion). In contrast, goods spending declined by $24.6 billion, pulled down by lower purchases of motor vehicles and parts (-$29.3 billion), gasoline and other energy goods (-$15.3 billion), and clothing and footwear (-$3.4 billion). Still, inflation-adjusted consumer spending increased only 0.1%.
Published on 2026-03-13

US Consumer Spending Rises Steadily in December
US personal spending increased 0.4% month-over-month in December 2025, or $91 billion, matching November’s pace and market expectations. The gain was driven by a $98.5 billion rise in services outlays, led by higher spending on housing and utilities (+$29.4 billion), recreation services (+$20.9 billion), healthcare (+$20.5 billion), financial services and insurance (+$14.5 billion), and other services (+$10.9 billion). In contrast, goods spending fell by $7.5 billion, weighed down by lower purchases of motor vehicles and parts (-$6.3 billion), other nondurable goods (-$2.9 billion), and clothing and footwear (-$2.4 billion).
Published on 2026-02-20

US Consumer Spending Rises Steadily in December
US personal spending increased 0.4% month-over-month in December 2025, or $91 billion, matching November’s pace and market expectations. The gain was driven by a $98.5 billion rise in services outlays, led by higher spending on housing and utilities (+$29.4 billion), recreation services (+$20.9 billion), healthcare (+$20.5 billion), financial services and insurance (+$14.5 billion), and other services (+$10.9 billion). In contrast, goods spending fell by $7.5 billion, weighed down by lower purchases of motor vehicles and parts (-$6.3 billion), other nondurable goods (-$2.9 billion), and clothing and footwear (-$2.4 billion).
Published on 2026-02-20

US Personal Spending Grows as Expected
Personal spending in the United States rose by 0.5% from the previous month to an annualized $21.410 trillion in November of 2025, extending the 0.5% increase from the previous month, according to data that was delayed due to the US government shutdown. Spending growth was noted both for durable (0.7% to $2.30 trillion) and non-durable goods (0.7% $4.33 trillion) goods. Additionally, spending was also higher for services (0.4% to $14.79 trillion).
Published on 2026-01-22

US Personal Spending Rises 0.3% in September
US personal spending rose 0.3% month-over-month in September 2025, an increase of $65.1 billion, according to delayed data. The result matched market expectations and followed a downwardly revised 0.5% gain in August. The bulk of September’s growth came from a $63.0 billion increase in services spending, led by housing and utilities ($15.4 billion), health care ($12.6 billion), financial services and insurance ($12.5 billion), food services and accommodations ($8.2 billion), and transportation services ($6.7 billion). Goods spending inched up by $2.1 billion, as a sharp rise in gasoline and other energy goods ($17.2 billion) outweighed declines in motor vehicles and parts (–$7.4 billion), recreational goods and vehicles (–$6.3 billion), and clothing and footwear (–$3.8 billion).
Published on 2025-12-05

US Personal Spending Rises 0.3% in September
US personal spending rose 0.3% month-over-month in September 2025, an increase of $65.1 billion, according to delayed data. The result matched market expectations and followed a downwardly revised 0.5% gain in August. The bulk of September’s growth came from a $63.0 billion increase in services spending, led by housing and utilities ($15.4 billion), health care ($12.6 billion), financial services and insurance ($12.5 billion), food services and accommodations ($8.2 billion), and transportation services ($6.7 billion). Goods spending inched up by $2.1 billion, as a sharp rise in gasoline and other energy goods ($17.2 billion) outweighed declines in motor vehicles and parts (–$7.4 billion), recreational goods and vehicles (–$6.4 billion), and clothing and footwear (–$3.4 billion). Overall, the data point to steady consumer momentum, with services remaining the primary driver of spending growth.
Published on 2025-12-05

US Personal Spending Rises 0.3% in September
US personal spending rose 0.3% month-over-month in September 2025, an increase of $65.1 billion, according to delayed data. The result matched market expectations and followed a downwardly revised 0.5% gain in August. The bulk of September’s growth came from a $63.0 billion increase in services spending, led by housing and utilities ($15.4 billion), health care ($12.6 billion), financial services and insurance ($12.5 billion), food services and accommodations ($8.2 billion), and transportation services ($6.7 billion). Goods spending inched up by $2.1 billion, as a sharp rise in gasoline and other energy goods ($17.2 billion) outweighed declines in motor vehicles and parts (-$7.4 billion), recreational goods and vehicles (-$6.3 billion), and clothing and footwear (-$3.8 billion).
Published on 2025-12-05

US Consumer Spending Rises More than Expected
Personal spending in the United States increased by 0.6% from the previous month in August of 2025, picking up from 0.5% in July and above market expectations of 0.5%. It was the sharpest increase in personal spending in five months, extending the period of resilience from the US consumer despite heightened economic uncertainty and elevated borrowing costs.
Published on 2025-09-26

US Consumer Spending Rises More than Expected
Personal spending in the United States increased by 0.6% from the previous month to $21.112 trillion in August of 2025, picking up from 0.5% in July and above market expectations of 0.5%. It was the sharpest increase in personal spending in five months, extending the period of resilience from the US consumer despite heightened economic uncertainty and elevated borrowing costs. Spending rebounded for nondurable goods (0.8% vs 0.0% in July) and rose at a steady pace for services (at 0.5%). In the meantime, consumption eased for durable goods (0.8% vs 1.7%).
Published on 2025-09-26

US Consumer Spending Rises More than Expected
Personal spending in the United States increased by 0.6% from the previous month to $21.112 trillion in August of 2025, picking up from 0.5% in July and above market expectations of 0.5%. It was the sharpest increase in personal spending in five months, extending the period of resilience from the US consumer despite heightened economic uncertainty and elevated borrowing costs. Spending rebounded for nondurable goods (0.8% vs 0.0% in July) and rose at a steady pace for services (at 0.5%). In the meantime, consumption eased for durable goods (0.8% vs 1.7%).
Published on 2025-09-26

US Consumer Spending Rises More than Expected
Personal spending in the United States increased by 0.6% from the previous month in August of 2025, picking up from 0.5% in July and above market expectations of 0.5%. It was the sharpest increase in personal spending in five months, extending the period of resilience from the US consumer despite heightened economic uncertainty and elevated borrowing costs. Spending rebounded for nondurable goods (0.8% vs 0.0% in July) and rose at a steady pace for services (at 0.5%). In the meantime, consumption eased for durable goods (0.8% vs 1.7%).
Published on 2025-09-26

US Personal Spending Accelerates
Personal spending in the United States increased by 0.5% from the previous month to $20.802 trillion in July of 2025, picking up from the upwardly revised 0.4% increase in June and aligning with market expectations. It was the sharpest increase in personal spending in four months, extending the period of resilience from the US consumer despite heightened economic uncertainty and elevated borrowing costs. Spending rebounded sharply for durable goods (1.9% vs -0.8% in June) and rose at a stead pace for services (at 0.4%). In the meantime, consumption nearly stalled for nondurable goods (0.1% vs 0.9%).
Published on 2025-08-29

US Personal Spending Recovers
Personal spending in the US increased 0.3% month-over-month in June 2025, rebounding from a flat reading in May but slightly below forecasts of 0.4%. It mostly reflected a recovery in spending on goods (0.5% vs -0.7% in May), namely nondurable goods (0.7% vs -0.2%). Spending on durable goods flattened (0% vs -1.7%). Meanwhile, outlays for services rose 0.3%, the same as in May, indicating weak discretionary spending. Adjusted for inflation, consumer spending advanced a meagre 0.1%, after a 0.2% fall in the previous month.
Published on 2025-07-31

US Personal Spending Rebounds
Personal spending in the US increased 0.3% month-over-month in June 2025, rebounding from a flat reading in May and slightly below forecasts of 0.4%. The $69.9 billion increase in current-dollar PCE reflected increases of $40.1 billion in spending on services and $29.9 billion in spending on goods. Spending on goods went up 0.5%, following a 0.7% drop in May and spending on services rose 0.3%, the same as in the previous month.
Published on 2025-07-31

US Personal Spending Recovers
Personal spending in the US increased 0.3% month-over-month in June 2025, rebounding from a flat reading in May and slightly below forecasts of 0.4%. The $69.9 billion increase in current-dollar PCE reflected increases of $40.1 billion in spending on services and $29.9 billion in spending on goods. Spending on goods went up 0.5%, following a 0.7% drop in May and spending on services rose 0.3%, the same as in the previous month.
Published on 2025-07-31

US Personal Spending Unexpectedly Contracts
Personal consumption expenditures (PCE) in the United States fell by 0.1% from the previous month to $21.441 trillion in May of 2025, following the 0.2% increase in the previous month, and contrasting with expectations of a 0.1% increase.
Published on 2025-06-27

US Personal Spending Unexpectedly Contracts
Personal consumption expenditures (PCE) in the United States fell by 0.1% from the previous month to $21.441 trillion in May of 2025, following the 0.2% increase in the previous month, and contrasting with expectations of a 0.1% increase. It was the first contraction since January, suggesting that tariffs and economic uncertainty may have hampered consumer's appetite. Spending fell sharply for goods (-0.1% vs 0.2% in April), amid a sharp decline in durable goods (-1.8% vs 0.4%) and a softer drop for non-durable goods (-0.2% vs 0%). In turn, spending in services rose at a softer pace (0.1% vs 0.2%).
Published on 2025-06-27

US Personal Spending Unexpectedly Contracts
Personal consumption expenditures (PCE) in the United States fell by 0.1% from the previous month to $21.441 trillion in May of 2025, following the 0.2% increase in the previous month, and contrasting with expectations of a 0.1% increase. Spending fell sharply for goods (-0.1% vs 0.2% in April), amid a sharp decline in durable goods (-1.8% vs 0.4%) and a softer drop for non-durable goods (-0.2% vs 0%). In turn, spending in services rose at a softer pace (0.1% vs 0.2%).
Published on 2025-06-27