US Consumer Spending Eases Less Than Expected

2026-08-26 12:44 By Larissa Caser 1 min. read

US personal spending increased by $36.3 billion, or 0.2%, in July 2026 from the previous month, slowing from a 0.3% gain in June but exceeding expectations for a 0.1% increase, as an increase in services spending was partially offset by a decline in spending of most goods.

Goods spending decreased $49.9 billion, driven by a lower spending on gasoline and other energy goods (down $14 billion), recreational goods and vehicles (down $13.6 billion), motor vehicles and parts (down $9.4 billion) and furnishings and durable household equipment (down $3.8 billion).

Meanwhile, spending in overall services increased $86.2 billion, driven by higher spending on financial services and insurance (up $24.3 billion), health care (up $23.2 billion) and housing and utilities (up $16.4 billion).

Meanwhile, inflation-adjusted consumer spending was broadly flat in July, following a 0.4% increase in the prior month.



News Stream
US Consumer Spending Eases Less Than Expected
US personal spending increased by $36.3 billion, or 0.2%, in July 2026 from the previous month, slowing from a 0.3% gain in June but exceeding expectations for a 0.1% increase, as an increase in services spending was partially offset by a decline in spending of most goods. Goods spending decreased $49.9 billion, driven by a lower spending on gasoline and other energy goods (down $14 billion), recreational goods and vehicles (down $13.6 billion), motor vehicles and parts (down $9.4 billion) and furnishings and durable household equipment (down $3.8 billion). Meanwhile, spending in overall services increased $86.2 billion, driven by higher spending on financial services and insurance (up $24.3 billion), health care (up $23.2 billion) and housing and utilities (up $16.4 billion). Meanwhile, inflation-adjusted consumer spending was broadly flat in July, following a 0.4% increase in the prior month.
2026-08-26
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.
2026-07-30
US Consumer Spending Rises More than Expected
US personal spending rose by 0.7% month-on-month in May 2026, or $156.1 billion, accelerating from a downwardly revised 0.4% increase in April and beating market expectations of a 0.6% gain. Spending on goods rose by $61.8 billion, primarily driven by a $21 billion surge in gasoline and other energy goods amid soaring energy prices tied to the Middle East conflict. Additional gains were seen in recreational goods and vehicles ($7 billion), motor vehicles and parts ($5.3 billion), food and beverages ($4.6 billion), and other nondurable goods ($13.7 billion). Spending on services climbed by $94.3 billion, led by financial services and insurance ($28.4 billion), housing and utilities ($22.3 billion), and health care ($22.3 billion). Meanwhile, inflation-adjusted consumer spending increased 0.3% in May, after a flat reading in April.
2026-06-25