Personal spending in the US edged down 0.2 percent month-over-month in December of 2020, following an upwardly revised 0.7 percent drop in November and compared to market forecasts of a 0.4 percent fall as rising coronavirus infections led to more business and activity restrictions and more job losses. Decreases seen in purchases of recreational goods and vehicles, food and beverages, food services and hospitals were partly offset by an increase in spending for motor vehicles and parts, namely new light trucks and electricity. source: U.S. Bureau of Economic Analysis

Personal Spending in the United States averaged 0.52 percent from 1959 until 2020, reaching an all time high of 8.70 percent in May of 2020 and a record low of -12.70 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 February of 2021.

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. Looking forward, we estimate Personal Spending in the United States to stand at 0.70 in 12 months time. 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
-0.20 -0.70 8.70 -12.70 1959 - 2020 percent Monthly
Current Prices, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-10-30 12:30 PM Sep 1.4% 1% 1% 0.8%
2020-11-25 03:00 PM Oct 0.5% 1.2% 0.4% 0.5%
2020-12-23 01:30 PM Nov -0.4% 0.3% -0.2% -0.4%
2021-01-29 01:30 PM Dec -0.2% -0.7% -0.4% -0.6%
2021-02-26 01:30 PM Jan -0.2%
2021-03-26 12:30 PM Feb
2021-04-30 12:30 PM Mar
2021-05-28 12:30 PM Apr
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
US Personal Spending Falls Less than Expected
Personal spending in the US edged down 0.2 percent month-over-month in December of 2020, following an upwardly revised 0.7 percent drop in November and compared to market forecasts of a 0.4 percent fall as rising coronavirus infections led to more business and activity restrictions and more job losses. Decreases seen in purchases of recreational goods and vehicles, food and beverages, food services and hospitals were partly offset by an increase in spending for motor vehicles and parts, namely new light trucks and electricity.
2021-01-29
US Personal Spending Falls for 1st Time in 7 Months
Personal spending in the US fell 0.4 percent month-over-month in November of 2020, following a downwardly revised 0.3 percent rise in October and worse than market forecasts of a 0.2 percent fall. It is the first decline since a record fall April when the coronavirus pandemic hit the economy hard. Real PCE also went down 0.4 percent, amid lower expenditure on clothing and footwear, new motor vehicles, food services and accommodations as well as in electricity and gas. A notable offset was an increase in spending for food and beverages purchased for offpremises consumption.
2020-12-23
US Personal Spending Rises 0.5% in October
Personal spending in the US increased 0.5 percent from a month earlier in October 2020, following a downwardly revised 1.2 percent growth in September and slightly beating market forecasts of 0.4 percent. Real PCE rose 0.5 percent, boosted by increases in spending for both goods and services. Consumption of goods advanced 0.2 percent (vs 1.5 percent in September) boosted by recreational goods and vehicles. In addition, spending on services was up 0.6 percent (vs 0.8 percent in September) due to health care spending.
2020-11-25
US Personal Spending Rises at Faster Pace
Personal spending in the US increased 1.4 percent month-over-month in September of 2020, following a 1 percent rise in August and above market forecasts of 1 percent. Real spending went up by 1.2 percent or $159.2 billion, reflecting an increase of $109.9 billion in spending for goods and a $61.0 billion rise in spending for services. Within goods, clothing and footwear as well as motor vehicles and parts (led by new motor vehicles) were the leading contributors to the gain. Within services, the largest contributors were spending for health care (led by outpatient services) as well as recreation services (led by membership clubs, sports centers, parks, theaters, and museums).
2020-10-30

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.