United States Personal Spending  1959-2018 | Data | Chart | Calendar

Personal spending in the United States rose 0.2 percent month-over-month in May of 2018, following a downwardly revised 0.5 percent gain and below market expectations of 0.4 percent.It is the smallest increase in personal spending in four months, mainly due to a drop in outlays on household utilities. Personal Spending in the United States averaged 0.54 percent from 1959 until 2018, 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 Less than Expected


Personal spending in the United States rose 0.2 percent month-over-month in May of 2018, following a downwardly revised 0.5 percent gain and below market expectations of 0.4 percent. It is the smallest increase in personal spending in four months, mainly due to a drop in outlays on household utilities.

Personal consumption expenditures (PCE) increased $27.8 billion or 0.2 percent. Spending on non-durables (0.6 percent compared to 0.9 percent in April) and services (0.5 percent compared to 0.6 percent) rose at a softer pace while consumption of durables rebounded (0.1 percent compared to -0.2 percent). 

Real PCE dropped less than 0.1 percent or $1.4 billion, reflecting a decrease in spending for services that was partially offset by an increase in spending for goods. Within goods, recreational goods and vehicles was the leading contributor to the increase. Within services, the largest contributor to the decrease was spending for household utilities.

Personal income advanced 0.4 percent or $60.0 billion, better than a downwardly revised 0.2 percent and in line with expectations. It primarily reflected gains in wages and salaries (0.3 percent compared to 0.3 percent in April), personal dividend income (1.5 percent compared to -0.2 percent) and non-farm proprietors’ income (0.5 percent compared to -0.1 percent).

Personal outlays rose $29.2 billion in May. Personal saving was $482.0 billion and the personal saving rate, personal saving as a percentage of disposable personal income, was 3.2 percent.

Disposable personal income (DPI) increased $63.2 billion or 0.4 percent.

The personal consumption expenditures (PCE) price index in the United States increased 0.2 percent month-over-month in May 2018, the same pace as in April and in line with market expectations. Goods inflation eased to 0.1 percent from 0.4 percent in the previous period, as prices of non-durable goods rose at a softer pace (0.3 percent vs 0.5 percent) while those of durable goods fell (-0.1 percent vs flat reading). Cost of services rose 0.2 percent, the same pace as in April. Excluding food and energy, PCE prices also went up 0.2 percent, the same as in the previous month and also in line with market forecasts. On the year, the PCE price index rose 2.3 percent, up from 2 percent in April. The core index rose 2 percent, hitting the Federal Reserve's 2 percent target for the first time in six years.


BEA | Stefanie Moya | stefanie.moya@tradingeconomics.com
6/29/2018 1:02:36 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-04-30 12:30 PM Personal Spending MoM 0.4% 0% 0.4% 0.3%
2018-05-31 12:30 PM Personal Spending MoM 0.6% 0.5% 0.4% 0.3%
2018-06-29 12:30 PM Personal Spending MoM 0.2% 0.5% 0.4% 0.3%
2018-07-31 12:30 PM Personal Spending MoM 0.2% 0.38%
2018-08-30 12:30 PM Personal Spending MoM 0.34%
2018-09-28 12:30 PM Personal Spending MoM 0.33%


United States Consumer Last Previous Highest Lowest Unit
Consumer Confidence 97.10 98.20 111.40 51.70 Index Points [+]
Retail Sales MoM 0.50 1.30 6.70 -3.90 percent [+]
Retail Sales YoY 6.60 6.50 11.20 -11.50 percent [+]
Retail Sales Ex Autos 0.40 1.40 2.60 -4.00 percent [+]
Consumer Spending 12061.04 12035.23 12061.04 1320.40 USD Billion [+]
Disposable Personal Income 14929.76 14860.81 14929.76 351.90 USD Billion [+]
Personal Spending 0.20 0.50 2.80 -2.00 percent [+]
Personal Income 0.40 0.20 4.60 -5.20 percent [+]
Personal Savings 3.20 2.80 17.00 1.90 percent [+]
Consumer Credit 24.60 10.30 118.10 -113.40 USD Billion [+]
Private Sector Credit 9347.40 9256.98 9463.65 39.04 USD Billion [+]
Bank Lending Rate 4.89 4.75 20.50 2.00 percent [+]
Economic Optimism Index 56.40 53.90 62.90 35.80 [+]
Redbook Index 3.30 5.20 7.60 -5.80 percent [+]
Chain Store Sales 4410.00 4110.00 15875.00 3055.00 USD Million [+]
Gasoline Prices 0.75 0.78 0.99 0.32 USD/Liter [+]
Households Debt To Gdp 78.70 78.50 98.00 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

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 July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.50 2.80 -2.00 1959 - 2018 percent Monthly
Current Prices, SA




personal spending by Country
Country Last
France 0.90 May/18
Netherlands 3.00 Apr/18
United States 0.20 May/18


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