Personal spending in the US increased 0.9% month-over-month in April of 2022, following an upwardly revised 1.4% rise in March and beating market forecasts of 0.7%, in a sign consumption remains robust despite rising prices. There was widespread spending across goods and services, led by motor vehicles and parts, food services and accommodations as well as housing and utilities while spending on gasoline and other energy goods decreased. Adjusted for changes in prices, purchases of goods and services increased 0.7%, higher than 0.5% in March. source: U.S. Bureau of Economic Analysis
Personal Spending in the United States averaged 0.53 percent from 1959 until 2022, 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 June of 2022.
Personal Spending in the United States is expected to be 0.50 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 2023, according to our econometric models.