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

Personal spending in the US edged up 0.1 percent month-over-month in August of 2017, following a 0.3 percent rise in July and in line with market expectations. Spending on durable goods declined 1.1 percent, reversing a 1.1 percent gain in July, as Hurricane Harvey impacted auto sales and mild temperatures dropped demand for utilities. Personal income increased 0.2 percent, also lower than a 0.3 percent gain in July but in line with forecasts. Hurricane Harvey weighed on the data although the BEA couldn't separately quantify the total impact. 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 Inches Up in August


Personal spending in the US edged up 0.1 percent month-over-month in August of 2017, following a 0.3 percent rise in July and in line with market expectations. Spending on durable goods declined 1.1 percent, reversing a 1.1 percent gain in July, as Hurricane Harvey impacted auto sales and mild temperatures dropped demand for utilities. Personal income increased 0.2 percent, also lower than a 0.3 percent gain in July but in line with forecasts. Hurricane Harvey weighed on the data although the BEA couldn't separately quantify the total impact.

Consumption went up by USD 18 billion from July, due to a 0.3 percent gain in services (0.2 percent in July) and a 0.3 percent rise in nondurables (0.2 percent in July). In contrast, spending on durables declined 1.1 percent, following a 1.1 percent rise in July. 

Real PCE spending fell USD 8.4 billion due to a decrease in spending for goods that was partially offset by a rise in spending for services. Within goods, spending on new motor vehicles was the leading contributor to the decrease. Within services, healthcare spending was a leading contributor to the increase.

Meanwhile, the rise in personal income primarily reflected an increase in government social benefits to persons and compensation of employees. Disposable personal income (DPI) increased 0.1 percent while real DPI decreased 0.1 percent. 

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 the same as in the previous three months. Year-on-year, it was up 1.3 percent, following a 1.4 percent rise in July. It is the lowest annual rate since November of 2015.


BEA | Joana Taborda | joana.taborda@tradingeconomics.com
9/29/2017 1:07:46 PM



Calendar GMT Actual Previous Consensus TEForecast
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 0.1% 0.3% 0.1% 0.1%
2017-10-30 12:30 PM Personal Spending MoM 0.1% 0.30%
2017-11-30 01:30 PM Personal Spending MoM 0.32%
2017-12-22 01:30 PM Personal Spending MoM 0.31%


United States Consumer Last Previous Highest Lowest Unit
Consumer Confidence 101.10 95.10 111.40 51.70 [+]
Retail Sales MoM 1.60 -0.10 6.70 -3.70 percent [+]
Retail Sales YoY 4.40 3.20 11.20 -11.50 percent [+]
Retail Sales Ex Autos 1.00 0.50 2.70 -3.80 percent [+]
Consumer Spending 11853.00 11758.00 11853.00 1320.40 USD Billion [+]
Disposable Personal Income 14417.40 14410.40 14490.10 351.90 USD Billion [+]
Personal Spending 0.10 0.30 2.80 -2.00 percent [+]
Personal Income 0.20 0.30 4.60 -5.20 percent [+]
Personal Savings 3.60 3.50 17.00 1.90 percent [+]
Consumer Credit 13.10 17.70 118.60 -17.80 USD Billion [+]
Private Sector Credit 9369.63 9324.53 9369.63 39.04 USD Billion [+]
Bank Lending Rate 4.25 4.25 20.50 2.00 percent [+]
Economic Optimism Index 50.30 53.40 62.90 35.80 [+]
Redbook Index 3.60 3.20 7.60 -5.80 percent [+]
Gasoline Prices 0.68 0.63 0.99 0.32 USD/Liter [+]
Households Debt To Gdp 78.70 79.50 95.50 23.40 percent of GDP [+]
Chain Store Sales 4100.00 4162.00 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

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 October of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.10 0.30 2.80 -2.00 1959 - 2017 percent Monthly
Current Prices, SA




personal spending by Country

Last
France -0.30 Aug/17
Netherlands 2.30 Aug/17
United States 0.10 Aug/17