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.

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United States Personal Spending


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.
Actual Previous Highest Lowest Dates Unit Frequency
0.60 1.40 8.60 -12.60 1959 - 2021 percent Monthly
Current Prices, SA

Calendar GMT Actual Previous Consensus TEForecast
2021-11-24 03:00 PM Oct 1.3% 0.6% 1% 0.7%
2021-12-23 01:30 PM Nov 0.6% 1.4% 0.6% 0.5%
2022-01-28 01:30 PM Dec 0.6% -0.5% 0.2%


Related Last Previous Unit Reference
Consumer Spending 13723.73 13665.61 USD Billion Sep/21
Disposable Personal Income 18168.77 18108.28 USD Billion Nov/21
Personal Spending 0.60 1.40 percent Nov/21
Personal Income 0.40 0.50 percent Nov/21
Personal Savings 6.90 7.10 percent Nov/21


News Stream
US Personal Spending Rises for 6th Month
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).
2021-12-23
US Personal Spending Remains Strong
US personal spending jumped 1.3% in October of 2021, higher than a 0.6% rise in September and beating market forecasts of 1%. It is the 5th consecutive gain and the biggest increase in 7 months, as Americans continue to spend more amid large pay increases and despite rising prices. Gains in October were led by both goods and services, namely spending on motor vehicles and parts and international travel.
2021-11-24
US Personal Spending Surprises on the Upside
Personal spending in the US increased 0.6% mom in September of 2021, following an upwardly revised 1% rise in August and above market forecasts of 0.5%. It reflected an increase of $63.6 billion in spending for services, namely health care and food services and accommodations. Spending on goods increased by $29.9 billion increase in spending for goods, mainly due to foods and beverages, pharmaceutical products and gasoline and other energy goods. On the other hand, spending on motor vehicles declined as ship shortages and supply constraints continue to weigh.
2021-10-29