US Personal Spending Grows as Expected

Personal spending in the United States rose by 0.5% from the previous month to an annualized $21.410 trillion in November of 2025, extending the 0.5% increase from the previous month, according to data that was delayed due to the US government shutdown. Spending growth was noted both for durable (0.7% to $2.30 trillion) and non-durable goods (0.7% $4.33 trillion) goods. Additionally, spending was also higher for services (0.4% to $14.79 trillion).

US personal spending rose 0.3% month-over-month in September 2025, an increase of $65.1 billion, according to delayed data. The result matched market expectations and followed a downwardly revised 0.5% gain in August. The bulk of September’s growth came from a $63.0 billion increase in services spending, led by housing and utilities ($15.4 billion), health care ($12.6 billion), financial services and insurance ($12.5 billion), food services and accommodations ($8.2 billion), and transportation services ($6.7 billion). Goods spending inched up by $2.1 billion, as a sharp rise in gasoline and other energy goods ($17.2 billion) outweighed declines in motor vehicles and parts (-$7.4 billion), recreational goods and vehicles (-$6.3 billion), and clothing and footwear (-$3.8 billion).

Personal spending in the United States increased by 0.6% from the previous month to $21.112 trillion in August of 2025, picking up from 0.5% in July and above market expectations of 0.5%. It was the sharpest increase in personal spending in five months, extending the period of resilience from the US consumer despite heightened economic uncertainty and elevated borrowing costs. Spending rebounded for nondurable goods (0.8% vs 0.0% in July) and rose at a steady pace for services (at 0.5%). In the meantime, consumption eased for durable goods (0.8% vs 1.7%).