United States Personal Spending  1959-2017 | Data | Chart | Calendar

Personal consumption expenditures in the US rose 0.3 percent month-over-month in October 2017, easing from a downwardly revised 0.9 percent increase in September and matching market expectations. Both goods and services spending rose at a softer pace. Personal Spending in the United States averaged 0.54 percent from 1959 until 2017, reaching an all time high of 2.80 percent in October of 2001 and a record low of -2 percent in January of 1987.

United States Personal Spending
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US Personal Spending Rises 0.3% in October


Personal consumption expenditures in the US rose 0.3 percent month-over-month in October 2017, easing from a downwardly revised 0.9 percent increase in September and matching market expectations. The so-called real consumer spending edged up 0.1 percent in October after increasing 0.5 percent in September.

Personal consumption expenditure (PCE) increased $34.4 billion, or 0.3 percent. It follows a 0.9 percent jump in the previous month due to a slowdown in spending for goods (0.1 percent from 1.8 percent in September), of which durable (-0.1 percent from 2.9 percent) and nondurable goods (0.2 percent from 1.3 percent); and services (0.3 percent from 0.4 percent).

Meanwhile real PCE went up $13.1 billion due to a rise of $11.4 billion in spending for goods and a $2.7 billion increase in spending for services. Within goods, other nondurable goods, which includes prescription drugs and recreational items, was the leading contributor to the increase. Within services, the largest contributor to the increase was spending for other services, which includes passenger fares for foreign travel and communication services.

Personal income went up 0.4 percent or USD 65.1 billion month-over-month in October of 2017, the same as in September and better than market expectations of a 0.3 percent gain. It primarily reflected increases in wages and salaries and personal interest income. Personal outlays increased $38.7 billion in October. Personal saving was $457.3 billion in October and the personal saving rate rose to 3.2 percent after falling to 3 percent in September, which was the lowest since December 2007.

The core personal consumption expenditures price index, the Fed's preferred inflation gauge which excludes volatile food and energy prices, rose 0.2 percent month-on-month, in line with estimates and the same as in the previous month. Year-on-year, it was up 1.4 percent, following a 1.3 percent, the same as in September. The central bank has a 2 percent target.

In the third quarter of the year, consumer spending grew at a 2.3 percent annualized rate, slowing from the previous period's 3.3 percent pace.

BEA | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/30/2017 2:01:31 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-09-29 12:30 PM Personal Spending MoM 0.1% 0.3% 0.1% 0.1%
2017-10-30 12:30 PM Personal Spending MoM 1.0% 0.1% 0.8% 0.6%
2017-11-30 01:30 PM Personal Spending MoM 0.3% 0.9% 0.3% 0.3%
2017-12-22 01:30 PM Personal Spending MoM 0.3% 0.3% 0.31%
2018-01-30 01:30 PM Personal Spending MoM
2018-03-01 01:30 PM Personal Spending MoM


United States Consumer Last Previous Highest Lowest Unit
Consumer Confidence 96.80 98.50 111.40 51.70 [+]
Retail Sales MoM 0.20 1.90 6.70 -3.70 percent [+]
Retail Sales YoY 4.60 4.80 11.20 -11.50 percent [+]
Retail Sales Ex Autos 0.10 1.20 2.70 -3.80 percent [+]
Consumer Spending 11921.14 11852.96 11921.14 1320.40 USD Billion [+]
Disposable Personal Income 14513.30 14465.30 14513.30 351.90 USD Billion [+]
Personal Spending 0.30 0.90 2.80 -2.00 percent [+]
Personal Income 0.40 0.40 4.60 -5.20 percent [+]
Personal Savings 3.20 3.10 17.00 1.90 percent [+]
Consumer Credit 20.50 19.20 118.60 -114.30 USD Billion [+]
Private Sector Credit 9420.25 9369.63 9420.25 39.04 USD Billion [+]
Bank Lending Rate 4.25 4.25 20.50 2.00 percent [+]
Economic Optimism Index 51.90 53.60 62.90 35.80 [+]
Redbook Index 3.30 3.00 7.60 -5.80 percent [+]
Chain Store Sales 4077.00 4100.00 15875.00 3129.00 USD Million [+]
Gasoline Prices 0.67 0.66 0.99 0.32 USD/Liter [+]
Households Debt To Gdp 78.20 78.70 95.50 23.40 percent of GDP [+]
Consumer Confidence Current Conditions 113.20 112.50 121.10 57.50 [+]
Consumer Confidence Economic Expectations 80.20 83.90 108.60 44.20 [+]
Consumer Confidence Price Trends 2.70 2.60 10.40 0.40 [+]


United States Personal Spending

Consumer spending accounts for about 70 percent of economic activity in the United States and is a key driver of growth. This page provides the latest reported value for - United States Personal Spending - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Personal Spending - actual data, historical chart and calendar of releases - was last updated on December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.90 2.80 -2.00 1959 - 2017 percent Monthly
Current Prices, SA




personal spending by Country
Country Last
France -1.90 Oct/17
Netherlands 3.10 Sep/17
United States 0.30 Oct/17