United States Personal Spending 1959-2018 | Data | Chart | Calendar

Personal spending in the United States rose 0.4 percent from a month earlier in July 2018, the same pace as in June and in line with market expectations. There was an increase in spending for nondurables and services while consumption of durable goods fell for the second consecutive month. Personal Spending in the United States averaged 0.54 percent from 1959 until 2018, reaching an all time high of 2.80 percent in October of 2001 and a record low of -2.10 percent in January of 1987.

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US Personal Spending Rises Solidly in July

Personal spending in the United States rose 0.4 percent from a month earlier in July 2018, the same pace as in June and in line with market expectations.

The $49.3 billion increase in personal consumption expenditures (PCE) was driven by advances in spending for nondurables (0.4 percent vs -0.1 percent in June) and services (0.4 percent vs 0.6 percent). Meanwhile, consumption of durable goods fell for the second consecutive month (-0.2 percent vs -0.1 percent).

Real PCE rose $29.6 billion, or 0.2 percent, reflecting an increase of $10.9 billion in spending for goods and a $18.9 billion increase in spending for services. Within goods, prescription drugs was the leading contributor to the increase. Within services, the largest contributor to the increase was spending for food services and accommodations.

Personal income rose $54.8 billion, or 0.3 percent, in July mainly due to increases in wages and salaries, personal dividend income, and rental income.

Personal outlays went up $52.7 billion in July. Personal saving was $1,048.1 billion and the personal saving rate, personal saving as a percentage of disposable personal income, was 6.7 percent.

Disposable personal income (DPI) increased $52.5 billion, or 0.3 percent, in July. Real DPI increased 0.2 percent.

The personal consumption expenditures (PCE) price index increased 0.1 percent month-over-month in July, the same pace as in June and in line with market expectations. Services inflation was unchanged at 0.2 percent while goods prices showed no growth (vs -0.1 percent in June). Prices of durable goods went up 0.4 percent (vs -0.3 percent in June) while those of nondurable goods dropped 0.2 percent (vs 0.1 percent in June). Excluding food and energy, PCE prices grew 0.2 percent in July after a 0.1 percent gain in the previous month and also in line with market forecasts. On the year, the PCE price index rose 2.3 percent; and the core index increased 2 percent, matching the Federal Reserve's target.

BEA | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/30/2018 12:57:09 PM

Recent Releases

US Personal Spending Rises 0.4% in June
Personal spending in the United States rose 0.4 percent month-over-month in June 2018, following an upwardly revised 0.5 percent gain in May and matching market expectations. It was the smallest increase in personal spending in four months.
Published on 2018-07-31

US Personal Spending Rises Less than Expected
Personal spending in the United States rose 0.2 percent month-over-month in May of 2018, following a downwardly revised 0.5 percent gain and below market expectations of 0.4 percent. It is the smallest increase in personal spending in four months, mainly due to a drop in outlays on household utilities.
Published on 2018-06-29

US Personal Consumption Rises the Most in 5 Months
Personal spending in the United States increased 0.6 percent month-over-month in April of 2018 after an upwardly revised 0.5 percent gain in March and beating market expectations of a smaller 0.4 percent gain. It is the biggest increase in personal spending in five months, mainly boosted by a rebound in consumption of nondurable goods.
Published on 2018-05-31

US Personal Spending Rises 0.4%, in Line with Expectations
Personal spending in the United States increased 0.4 percent month-over-month in March of 2018 after being flat in the previous month. It matched market expectations amid a recovery in consumption of durable goods. When adjusted for inflation, consumer spending also increased 0.4 percent.
Published on 2018-04-30

Calendar	GMT		Actual	Previous	Consensus	TEForecast
2018-06-29	12:30 PM	Personal Spending MoM	0.2%	0.5%	0.4%	0.3%
2018-07-31	12:30 PM	Personal Spending MoM	0.4%	0.5%	0.4%	0.4%
2018-08-30	12:30 PM	Personal Spending MoM	0.4%	0.4%	0.4%	0.3%
2018-09-28	12:30 PM	Personal Spending MoM		0.4%	0.4%	0.36%
2018-10-29	12:30 PM	Personal Spending MoM				0.36%
2018-11-29	01:30 PM	Personal Spending MoM				0.35%

United States Consumer	Last	Previous	Highest	Lowest	Unit
Consumer Confidence	100.80	96.20	111.40	51.70	Index Points	[+]
Retail Sales MoM	0.10	0.70	6.70	-3.90	percent	[+]
Retail Sales YoY	6.60	6.70	11.20	-11.50	percent	[+]
Retail Sales Ex Autos	0.30	0.90	2.60	-4.00	percent	[+]
Consumer Spending	12841.20	12722.84	12841.20	1403.69	USD Billion	[+]
Disposable Personal Income	15566.48	15520.43	15566.48	351.90	USD Billion	[+]
Personal Spending	0.40	0.40	2.80	-2.10	percent	[+]
Personal Income	0.30	0.40	4.60	-4.70	percent	[+]
Personal Savings	6.70	6.80	17.30	2.20	percent	[+]
Consumer Credit	16.60	8.50	118.10	-113.40	USD Billion	[+]
Private Sector Credit	9383.23	9380.95	9463.65	39.04	USD Billion	[+]
Bank Lending Rate	5.00	5.00	20.50	2.00	percent	[+]
Economic Optimism Index	55.70	58.00	62.90	35.80		[+]
Redbook Index	5.40	6.30	7.60	-5.80	percent	[+]
Chain Store Sales	3782.00	3961.00	15875.00	3055.00	USD Million	[+]
Gasoline Prices	0.75	0.75	0.99	0.32	USD/Liter	[+]
Households Debt To Gdp	78.70	78.50	98.00	23.80	percent of GDP	[+]
Consumer Confidence Current Conditions	113.20	112.50	121.10	57.50		[+]
Consumer Confidence Economic Expectations	80.20	83.90	108.60	44.20		[+]
Consumer Confidence Price Trends	2.70	2.60	10.40	0.40		[+]

United States Personal Spending

Consumer spending accounts for about 70 percent of economic activity in the United States and is a key driver of growth. 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 - actual data, historical chart and calendar of releases - was last updated on September of 2018.