US Consumer Spending Growth Slows in June

2026-07-30 12:42 By Joana Ferreira 1 min. read

US personal spending increased by $65.2 billion, or 0.3%, in June 2026 from the previous month, slowing from an upwardly revised 0.9% gain in May, largely due to a sharp decline in gasoline spending as lower crude oil prices followed peace negotiations between the US and Iran.

Goods spending rose $7.0 billion, as a $48.1 billion drop in spending on gasoline and other energy goods was partly offset by higher outlays on motor vehicles and parts (up $17.4 billion) and recreational goods and vehicles (up $13.8 billion).

Meanwhile, services spending increased $58.2 billion, driven by health care (up $22.8 billion), financial services and insurance (up $14.0 billion), transportation services (up $7.1 billion), and recreation services (up $6.7 billion).

Meanwhile, inflation-adjusted consumer spending advanced 0.4% in June, the same pace as in the previous period.



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US Consumer Spending Growth Slows in June
US personal spending increased by $65.2 billion, or 0.3%, in June 2026 from the previous month, slowing from an upwardly revised 0.9% gain in May, largely due to a sharp decline in gasoline spending as lower crude oil prices followed peace negotiations between the US and Iran. Goods spending rose $7.0 billion, as a $48.1 billion drop in spending on gasoline and other energy goods was partly offset by higher outlays on motor vehicles and parts (up $17.4 billion) and recreational goods and vehicles (up $13.8 billion). Meanwhile, services spending increased $58.2 billion, driven by health care (up $22.8 billion), financial services and insurance (up $14.0 billion), transportation services (up $7.1 billion), and recreation services (up $6.7 billion). Meanwhile, inflation-adjusted consumer spending advanced 0.4% in June, the same pace as in the previous period.
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