Personal spending in the US rose 1.1% month-over-month in March of 2022, above market expectations for a 0.7% increase and accelerating from an upwardly revised 0.6% gain in February amid higher prices for gasoline and food and stronger demand for services like travel and dining. It reflects an increase of $114.6 billion in spending for services and an increase of $70.4 billion in spending for goods. Within services, increases were widespread across all subcomponents and led by other services (which include international travel) as well as food services and accommodations. Within goods, an increase in nondurable goods (led by gasoline and other energy goods) was partly offset by a decrease in spending on durable goods (led by motor vehicles and parts). The PCE price index jumped by 6.6%, the most since January 1982, while excluding food and energy, prices rose 5.2%, below market expectations. 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 May 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.

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United States Personal Spending



Calendar GMT Actual Previous Consensus TEForecast
2022-03-31 12:30 PM Feb 0.2% 2.7% 0.5% 0.4%
2022-04-29 12:30 PM Mar 1.1% 0.6% 0.7% 0.5%
2022-05-27 12:30 PM Apr 1.1% 0.7% 0.8%


Related Last Previous Unit Reference
Consumer Spending 13911.55 13818.36 USD Billion Mar 2022
Disposable Personal Income 18519.83 18360.78 USD Billion Mar 2022
Personal Spending 1.10 0.60 percent Mar 2022
Personal Income 0.50 0.70 percent Mar 2022
Personal Savings 6.20 6.80 percent Mar 2022

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
1.10 0.60 8.60 -12.60 1959 - 2022 percent Monthly
Current Prices, SA

News Stream
US Personal Spending Beats Forecasts
Personal spending in the US rose 1.1% month-over-month in March of 2022, above market expectations for a 0.7% increase and accelerating from an upwardly revised 0.6% gain in February amid higher prices for gasoline and food and stronger demand for services like travel and dining. It reflects an increase of $114.6 billion in spending for services and an increase of $70.4 billion in spending for goods. Within services, increases were widespread across all subcomponents and led by other services (which include international travel) as well as food services and accommodations. Within goods, an increase in nondurable goods (led by gasoline and other energy goods) was partly offset by a decrease in spending on durable goods (led by motor vehicles and parts). The PCE price index jumped by 6.6%, the most since January 1982, while excluding food and energy, prices rose 5.2%, below market expectations.
2022-04-29
US Personal Spending Rises Slightly
Personal spending in the US increased 0.2% month-over-month in February of 2022, below market forecasts of a 0.5% rise but compared to an upwardly revised 2.7% surge in January. It reflects an increase of $93.8 billion in spending for services, namely food services and accommodations as Covid-19 infections from the Omicron variant faded. Meanwhile, spending on goods, mainly motor vehicles and parts declined by $58.9 billion. Yet, high inflation is likely to continue to weigh on spending in the coming months, forcing consumers to cut on some expenditure items to afford more expensive gasoline, rents and food. The PCE price index jumped 6.4%, the largest increase since 1982 and excluding food and energy, prices were up 5.4% yoy, the biggest rise since 1983.
2022-03-31
US Personal Spending Remains Robust
Personal spending in the US jumped 2.1% mom in January of 2022, following an upwardly revised 0.8% fall in December and beating market forecasts of 1.5%. It is the biggest increase since March 2021, in a sign consumption remained robust despite high inflation and Covid-19 infections. Within goods, increases were widespread, led by motor vehicles and parts, "other" nondurable goods, and recreational goods and vehicles. Within services, the largest contributor to the increase was spending for housing and utilities.
2022-02-25