Personal spending in the US increased 0.3% mom in July of 2021, following an upwardly revised 1.1% increase in June and matching market forecasts. It marks the 5th consecutive month of rising PCE, led by a widespread increase across all services, namely food services and accommodations. In contrast, spending on goods declined, led by motor vehicles and parts, recreational goods and vehicles, as well as clothing and footwear. These decreases were partly offset by an increase in gasoline and other energy goods. 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 September of 2021.

Personal Spending in the United States is expected to be 0.40 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.

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United States Personal Spending

Actual Previous Highest Lowest Dates Unit Frequency
0.30 1.10 8.60 -12.60 1959 - 2021 percent Monthly
Current Prices, SA


Calendar GMT Actual Previous Consensus TEForecast
2021-05-28 12:30 PM Apr 0.5% 4.7% 0.5% 0.5%
2021-06-25 12:30 PM May 0.0% 0.9% 0.4% 0.4%
2021-07-30 12:30 PM Jun 1% -0.1% 0.7% 0.5%
2021-08-27 12:30 PM Jul 0.3% 1.1% 0.3% 0.5%
2021-10-01 12:30 PM Aug 0.3% 0.6% 0.3%
2021-10-29 12:30 PM Sep
2021-11-24 03:00 PM Oct
2021-12-23 01:30 PM Nov
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
US Personal Spending Continues to Rise in July
Personal spending in the US increased 0.3% mom in July of 2021, following an upwardly revised 1.1% increase in June and matching market forecasts. It marks the 5th consecutive month of rising PCE, led by a widespread increase across all services, namely food services and accommodations. In contrast, spending on goods declined, led by motor vehicles and parts, recreational goods and vehicles, as well as clothing and footwear. These decreases were partly offset by an increase in gasoline and other energy goods.
2021-08-27
US Personal Spending Beats Forecasts
Personal consumption in the US surged 1% mom in June of 2021, rebounding from a 0.1% drop in May and beating market forecasts of a 0.7% increase, as consumers shifted spending to service-sector industries, such as restaurants and travel. The rise in spending on pharmaceuticals, gasoline, food services, accommodations, and other energy goods more than offset a decline in purchases of motor vehicles and parts.
2021-07-30
US Consumer Spending Unexpectedly Stalls in May
Personal spending in the United States was unchanged in May 2021, following an upwardly revised 0.9 percent growth in April and missing market expectations of a 0.4 percent increase. An increase in spending for services was mostly offset by a decline in spending for goods. Within services, increases were widespread, led by recreation services, food services and accommodations, as well as housing and utilities. A decrease in spending on motor vehicles and parts was the leading contributor to the decrease in goods.
2021-06-25
US Personal Spending Rises 0.5% in April
Personal spending in the United States rose 0.5 percent from a month earlier in April 2021, following an upwardly revised 4.7 percent rise in March and matching consensus as Americans were spending more on services, dining out and traveling. The $80.3 billion increase in PCE reflected an increase of $112.6 billion in spending for services that was partly offset by a $32.3 billion decrease in spending for goods. Within services, the largest contributors to the increase were spending for recreation services and for food services and accommodations. Within goods, a decrease in nondurable goods was partly offset by an increase in durable goods. Within nondurable goods, the decrease was widespread and led by food and beverages. Within durable goods, the increase was accounted for by an increase in motor vehicles and parts.
2021-05-28

United States Personal Spending
Personal consumption expenditures (PCE) is the primary measure of consumer spending on goods and services in the U.S. economy. 1 It accounts for about two-thirds of domestic final spending, and thus it is the primary engine that drives future economic growth. PCE shows how much of the income earned by households is being spent on current consumption as opposed to how much is being saved for future consumption. PCE also provides a comprehensive measure of types of goods and services that are purchased by households. Thus, for example, it shows the portion of spending that is accounted for by discretionary items, such as motor vehicles, or the adjustments that consumers make to changes in prices, such as a sharp run-up in gasoline prices.