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

Personal spending in US rose 0.3 percent month-on-month in July, below expectations of 0.4 percent gain but above upwardly revised 0.2 percent rise in June. 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 Up 0.3% in July


Personal spending in US rose 0.3 percent month-on-month in July, below expectations of 0.4 percent gain but above upwardly revised 0.2 percent rise in June. Expenditure on both goods and services increased.

The $29.3 billion increase in real PCE in July reflected an increase of $18.7 billion in spending for goods and an $11.8 billion increase in spending for services. Within goods, furnishings and durable household equipment was the leading contributor to the increase. Within services, the largest contributor to the increase was spending for food services and accommodations.

Meanwhile, personal income rose 0.4 percent in July 2017, following no growth in June and above market expectations of 0.3 percent. The growth in personal income in July primarily reflected increases in wages and salaries (0.5 percent) and a recovery in personal income receipts on assets (0.6 percent vs -1.7 percent in June). Meanwhile, contributions for government social insurance, a subtraction in the calculation of personal income, rose 0.5 percent after increasing by 0.4 percent in June.

Also, the core personal consumption expenditures price index, the Fed’s preferred inflation gauge which excludes volatile food and energy prices, rose 0.1 percent month-on-month, in line with estimates and was up 1.4 percent from previous year.

Anna | anna@tradingeconomics.com
8/31/2017 12:56:40 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-06-30 12:30 PM Personal Spending MoM 0.1% 0.4% 0.1% 0.3%
2017-08-01 12:30 PM Personal Spending MoM 0.1% 0.2% 0.1% 0.2%
2017-08-31 12:30 PM Personal Spending MoM 0.3% 0.2% 0.4% 0.3%
2017-09-29 12:30 PM Personal Spending MoM 0.29%
2017-10-30 12:30 PM Personal Spending MoM 0.30%
2017-11-30 01:30 PM Personal Spending MoM 0.32%


United States Consumer Last Previous Highest Lowest Unit
Consumer Confidence 95.30 96.80 111.40 51.70 [+]
Retail Sales MoM -0.20 0.30 6.70 -3.70 percent [+]
Retail Sales YoY 3.20 3.50 11.20 -11.50 percent [+]
Retail Sales Ex Autos 0.20 0.40 2.70 -3.80 percent [+]
Consumer Spending 11854.40 11758.00 11854.40 1320.40 USD Billion [+]
Disposable Personal Income 14410.40 14364.70 14490.10 351.90 USD Billion [+]
Personal Spending 0.30 0.20 2.80 -2.00 percent [+]
Personal Income 0.40 0.00 4.60 -5.20 percent [+]
Personal Savings 3.50 3.80 17.00 1.90 percent [+]
Consumer Credit 18.50 11.80 118.60 -17.80 USD Billion [+]
Private Sector Credit 9324.53 9296.10 9324.53 39.04 USD Billion [+]
Bank Lending Rate 4.25 4.25 20.50 2.00 percent [+]
Economic Optimism Index 53.40 52.50 62.90 35.80 [+]
Redbook Index 3.60 4.50 7.60 -5.80 percent [+]
Gasoline Prices 0.63 0.62 0.99 0.32 USD/Liter [+]
Households Debt To Gdp 79.50 79.40 95.50 23.40 percent of GDP [+]
Chain Store Sales 4162.00 4514.00 15875.00 3129.00 USD Million [+]
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 Notes

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 September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.20 2.80 -2.00 1959 - 2017 percent Monthly
Current Prices, SA



personal spending by Country

Last
France 0.70 Jul/17
Netherlands 2.20 Jun/17
United States 0.30 Jul/17