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.