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

Personal spending in the United States rose 0.4 percent from a month earlier in July 2018, the same pace as in June and in line with market expectations. There was an increase in spending for nondurables and services while consumption of durable goods fell for the second consecutive month. 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 -2.10 percent in January of 1987.

United States Personal Spending
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US Personal Spending Rises Solidly in July


Personal spending in the United States rose 0.4 percent from a month earlier in July 2018, the same pace as in June and in line with market expectations.

The $49.3 billion increase in personal consumption expenditures (PCE) was driven by advances in spending for nondurables (0.4 percent vs -0.1 percent in June) and services (0.4 percent vs 0.6 percent). Meanwhile, consumption of durable goods fell for the second consecutive month (-0.2 percent vs -0.1 percent).

Real PCE rose $29.6 billion, or 0.2 percent, reflecting an increase of $10.9 billion in spending for goods and a $18.9 billion increase in spending for services. Within goods, prescription drugs was the leading contributor to the increase. Within services, the largest contributor to the increase was spending for food services and accommodations.

Personal income rose $54.8 billion, or 0.3 percent, in July mainly due to increases in wages and salaries, personal dividend income, and rental income.

Personal outlays went up $52.7 billion in July. Personal saving was $1,048.1 billion and the personal saving rate, personal saving as a percentage of disposable personal income, was 6.7 percent.

Disposable personal income (DPI) increased $52.5 billion, or 0.3 percent, in July. Real DPI increased 0.2 percent.

The personal consumption expenditures (PCE) price index increased 0.1 percent month-over-month in July, the same pace as in June and in line with market expectations. Services inflation was unchanged at 0.2 percent while goods prices showed no growth (vs -0.1 percent in June). Prices of durable goods went up 0.4 percent (vs -0.3 percent in June) while those of nondurable goods dropped 0.2 percent (vs 0.1 percent in June). Excluding food and energy, PCE prices grew 0.2 percent in July after a 0.1 percent gain in the previous month and also in line with market forecasts. On the year, the PCE price index rose 2.3 percent; and the core index increased 2 percent, matching the Federal Reserve's target.


BEA | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/30/2018 12:57:09 PM



Calendar GMT Actual Previous Consensus TEForecast
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 0.4% 0.5% 0.4% 0.4%
2018-08-30 12:30 PM Personal Spending MoM 0.4% 0.4% 0.4% 0.3%
2018-09-28 12:30 PM Personal Spending MoM 0.4% 0.3% 0.4%
2018-10-29 12:30 PM Personal Spending MoM 0.36%
2018-11-29 01:30 PM Personal Spending MoM 0.35%


United States Consumer Last Previous Highest Lowest Unit
Consumer Confidence 100.80 96.20 111.40 51.70 Index Points [+]
Retail Sales MoM 0.10 0.70 6.70 -3.90 percent [+]
Retail Sales YoY 6.60 6.70 11.20 -11.50 percent [+]
Retail Sales Ex Autos 0.30 0.90 2.60 -4.00 percent [+]
Consumer Spending 12841.20 12722.84 12841.20 1403.69 USD Billion [+]
Disposable Personal Income 15566.48 15520.43 15566.48 351.90 USD Billion [+]
Personal Spending 0.40 0.40 2.80 -2.10 percent [+]
Personal Income 0.30 0.40 4.60 -4.70 percent [+]
Personal Savings 6.70 6.80 17.30 2.20 percent [+]
Consumer Credit 16.60 8.50 118.10 -113.40 USD Billion [+]
Private Sector Credit 9383.23 9380.95 9463.65 39.04 USD Billion [+]
Bank Lending Rate 5.00 5.00 20.50 2.00 percent [+]
Economic Optimism Index 55.70 58.00 62.90 35.80 [+]
Redbook Index 5.40 6.30 7.60 -5.80 percent [+]
Chain Store Sales 3782.00 3961.00 15875.00 3055.00 USD Million [+]
Gasoline Prices 0.75 0.75 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 September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.40 2.80 -2.10 1959 - 2018 percent Monthly
Current Prices, SA




personal spending by Country
Country Last
France 0.10 Jul/18
Netherlands 2.60 Jul/18
United States 0.40 Jul/18


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