Personal spending in the United States increased 0.6 percent from a month earlier in November of 2021, easing from an upwardly revised 1.4 percent rise in the previous month as holiday shopping started earlier this year in anticipation of product shortages. Still, it was the 6th consecutive gain, reflecting an increase of $97.4 billion in spending for services and a $7.4 billion increase in spending for goods. The increase in services was widespread, led by housing and utilities. Within goods, an increase in nondurable goods (mainly gasoline and other energy goods) was partly offset by a decrease in durable goods (led by recreational goods and vehicles as well as motor vehicles and parts). source: U.S. Bureau of Economic Analysis
Personal Spending in the United States averaged 0.53 percent from 1959 until 2021, reaching an all time high of 8.60 percent in May of 2020 and a record low of -12.60 percent in April of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.
Personal Spending in the United States is expected to be 0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Personal Spending is projected to trend around 1.00 percent in 2022, according to our econometric models.