Personal spending in the United States rose 0.2 percent from a month earlier in September 2019, the same pace as in August and in line with market expectations, boosted by an increase in purchases of motor vehicles and higher spending on healthcare. Personal Spending in the United States averaged 0.53 percent from 1959 until 2019, reaching an all time high of 2.80 percent in October of 2001 and a record low of -2.10 percent in January of 1987.

Personal Spending in the United States is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Personal Spending in the United States to stand at 0.30 in 12 months time. In the long-term, the United States Personal Spending is projected to trend around 0.50 percent in 2020, according to our econometric models.

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United States Personal Spending
Calendar GMT Actual Previous Consensus TEForecast
2019-07-30 12:30 PM Personal Spending MoM Jun 0.3% 0.5% 0.3% 0.3%
2019-08-30 12:30 PM Personal Spending MoM Jul 0.6% 0.3% 0.5% 0.4%
2019-09-27 12:30 PM Personal Spending MoM Aug 0.1% 0.5% 0.3% 0.4%
2019-10-31 12:30 PM Personal Spending MoM Sep 0.2% 0.2% 0.2% 0.2%
2019-11-27 01:30 PM Personal Spending MoM Oct 0.2% 0.2%
2019-12-20 01:30 PM Personal Spending MoM Nov

US Consumer Spending Rises 0.2% in September

Personal spending in the United States rose 0.2 percent from a month earlier in September 2019, the same pace as in August and in line with market expectations, boosted by an increase in purchases of motor vehicles and higher spending on healthcare.

Personal income increased $50.2 billion (0.3 percent) in September according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $55.7 billion (0.3 percent) and personal consumption expenditures (PCE) increased $24.3 billion (0.2 percent).

Real DPI increased 0.3 percent in September and Real PCE increased 0.2 percent. The PCE price index decreased less than 0.1 percent. Excluding food and energy, the PCE price index increased less than 0.1 percent.

The increase in personal income in September primarily reflected increases in personal interest income, farm proprietors' income, and government social benefits to persons.

BEA adjusted September wages and salaries downward by $1.9 billion (at an annual rate) to account for the United Automobile Workers work stoppage that began on September 16th. This adjustment was necessary because the source data BEA primarily uses to estimate monthly wages and salaries – the Bureau of Labor Statistics' Current Employment Statistics survey – did not capture the strike's effects.

Farm proprietors' income increased $23.3 billion in August and $12.1 billion in September; payments associated with the Department of Agriculture's Market Facilitation Program were substantial contributors to both increases.

The $22.8 billion increase in real PCE in September reflected an increase of $18.4 billion in spending for goods and a $6.5 billion increase in spending for services. Within goods, new motor vehicles was the leading contributor to the increase. Within services, the largest contributor to the increase was spending for health care.

Personal outlays increased $23.0 billion in September. Personal saving was $1.38 trillion in September and the personal saving rate, personal saving as a percentage of disposable personal income, was 8.3 percent.

BEA | Joana Ferreira |
10/31/2019 12:36:10 PM

United States Consumer Last Previous Highest Lowest Unit
Consumer Confidence 95.70 95.50 111.40 51.70 Index Points [+]
Retail Sales MoM -0.30 0.60 6.70 -3.90 percent [+]
Retail Sales YoY 4.10 4.40 11.20 -11.50 percent [+]
Retail Sales Ex Autos -0.10 0.20 2.60 -4.00 percent [+]
Consumer Spending 13343.66 13250.04 13343.66 1403.69 USD Billion [+]
Disposable Personal Income 16640.70 16585.00 16640.70 351.54 USD Billion [+]
Personal Spending 0.20 0.20 2.80 -2.10 percent [+]
Personal Income 0.30 0.50 4.60 -4.70 percent [+]
Personal Savings 8.30 8.10 17.30 2.20 percent [+]
Consumer Credit 9.51 17.84 116.79 -111.95 USD Billion [+]
Private Sector Credit 9902.41 9882.98 9902.41 39.04 USD Billion [+]
Bank Lending Rate 4.99 5.15 20.50 2.00 percent [+]
Economic Optimism Index 52.90 52.60 62.90 35.80 [+]
Redbook Index 5.00 5.50 9.30 -5.80 percent [+]
Chain Store Sales 3255.00 3085.00 15875.00 2632.00 USD Million [+]
Gasoline Prices 0.69 0.68 1.07 0.24 USD/Liter [+]
Households Debt To GDP 75.00 75.90 98.60 23.80 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

Personal consumption expenditures (PCE) is the primary measure of consumer spending on goods and services in the U.S. economy. 1 It accounts for about two-thirds of domestic final spending, and thus it is the primary engine that drives future economic growth. PCE shows how much of the income earned by households is being spent on current consumption as opposed to how much is being saved for future consumption. PCE also provides a comprehensive measure of types of goods and services that are purchased by households. Thus, for example, it shows the portion of spending that is accounted for by discretionary items, such as motor vehicles, or the adjustments that consumers make to changes in prices, such as a sharp run-up in gasoline prices. 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 November of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.20 2.80 -2.10 1959 - 2019 percent Monthly
Current Prices, SA

Country Last Previous
France -0.40 Sep/19 0.1
Netherlands 1.40 Aug/19 1.5
United States 0.20 Sep/19 0.2