US Personal Spending Rises on Strong Services Demand

2026-03-13 12:36 By Joana Ferreira 1 min. read

US personal spending increased 0.4% month-over-month in January 2026, or $81.1 billion, matching December’s pace and slightly beating market expectations of 0.3%.

The increase was primarily driven by higher services spending, which rose $105.7 billion, led by health care (+$37.4 billion), housing and utilities (+$24.4 billion), financial services and insurance (+$16.0 billion), nonprofit institutions’ expenditures (+$14.8 billion), and other services (+$11.0 billion).

In contrast, goods spending declined by $24.6 billion, pulled down by lower purchases of motor vehicles and parts (-$29.3 billion), gasoline and other energy goods (-$15.3 billion), and clothing and footwear (-$3.4 billion).

Still, inflation-adjusted consumer spending increased only 0.1%.



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US Personal Spending Rises on Strong Services Demand
US personal spending increased 0.4% month-over-month in January 2026, or $81.1 billion, matching December’s pace and slightly beating market expectations of 0.3%. The increase was primarily driven by higher services spending, which rose $105.7 billion, led by health care (+$37.4 billion), housing and utilities (+$24.4 billion), financial services and insurance (+$16.0 billion), nonprofit institutions’ expenditures (+$14.8 billion), and other services (+$11.0 billion). In contrast, goods spending declined by $24.6 billion, pulled down by lower purchases of motor vehicles and parts (-$29.3 billion), gasoline and other energy goods (-$15.3 billion), and clothing and footwear (-$3.4 billion). Still, inflation-adjusted consumer spending increased only 0.1%.
2026-03-13
US Consumer Spending Rises Steadily in December
US personal spending increased 0.4% month-over-month in December 2025, or $91 billion, matching November’s pace and market expectations. The gain was driven by a $98.5 billion rise in services outlays, led by higher spending on housing and utilities (+$29.4 billion), recreation services (+$20.9 billion), healthcare (+$20.5 billion), financial services and insurance (+$14.5 billion), and other services (+$10.9 billion). In contrast, goods spending fell by $7.5 billion, weighed down by lower purchases of motor vehicles and parts (-$6.3 billion), other nondurable goods (-$2.9 billion), and clothing and footwear (-$2.4 billion).
2026-02-20
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).
2026-01-22