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.