US consumer spending rose 0.4 percent from a month earlier in November 2019, following a 0.3 percent gain in October and matching market expectations. Purchases of motor vehicles increased, as well as spending on healthcare.

Personal Spending in the United States averaged 0.53 percent from 1959 until 2019, 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. 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.

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 0.30 in 12 months time. In the long-term, the United States Personal Spending is projected to trend around 0.50 percent in 2020, according to our econometric models.

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United States Personal Spending

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.30 2.80 -2.10 1959 - 2019 percent Monthly
Current Prices, SA

Calendar GMT Actual Previous Consensus TEForecast
2019-09-27 12:30 PM Aug 0.1% 0.5% 0.3% 0.4%
2019-10-31 12:30 PM Sep 0.2% 0.2% 0.2% 0.2%
2019-11-27 03:00 PM Oct 0.3% 0.2% 0.3% 0.2%
2019-12-20 03:00 PM Nov 0.4% 0.3% 0.4% 0.3%
2020-01-31 01:30 PM Dec 0.4% 0.3% 0.5%

News Stream
US Consumer Spending Rises 0.3% in October
US consumer spending rose 0.3 percent from a month earlier in October 2019, following a 0.2 percent gain in September and matching market expectations, boosted by spending on electricity and gas. However, purchases of new motor vehicles fell.

US Consumer Spending Rises 0.2% in September
Personal spending in the United States rose 0.2 percent from a month earlier in September 2019, the same pace as in August and in line with market expectations, boosted by an increase in purchases of motor vehicles and higher spending on healthcare.

US Personal Spending Below Forecasts
Personal spending in the United States rose just 0.1 percent from a month earlier in August 2019, following a revised 0.5 percent growth in July and missing market expectations of 0.3 percent. An increase in consumption of recreational goods and motor vehicles was offset by a decline in spending at restaurants and hotels.

US Personal Spending Rises More than Expected
Personal spending in the United States rose 0.6 percent from a month earlier in July 2019, following a 0.3 percent growth in June and beating market expectations of 0.5 percent, boosted by consumption of durables, nondurables and services. Meanwhile, the core PCE price index, the Fed's preferred inflation measure, rose 1.6 percent year-on-year, remaining below the central bank's 2 percent target.

US Personal Spending Rises 0.3% in June
Personal spending in the United States rose 0.3 percent from a month earlier in June 2019, following an upwardly revised 0.5 percent growth in May, mainly boosted by consumption of nondurables and services.

US Personal Spending Rises 0.4% in May
Personal spending in the United States rose 0.4 percent from a month earlier in May 2019, following an upwardly revised 0.6 percent growth in April. Consumption of durables and services drove the increase.

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.

United States Consumer Last Previous Highest Lowest Unit
Consumer Confidence 99.10 99.30 111.40 51.70 points [+]
Retail Sales MoM 0.30 0.30 6.70 -3.90 percent [+]
Retail Sales YoY 5.80 3.30 11.20 -11.50 percent [+]
Retail Sales Ex Autos 0.70 0.00 2.60 -4.00 percent [+]
Consumer Spending 13353.12 13250.04 13353.12 1403.69 USD Billion [+]
Disposable Personal Income 16702.70 16615.00 16702.70 351.54 USD Billion [+]
Personal Spending 0.40 0.30 2.80 -2.10 percent [+]
Personal Income 0.50 0.10 4.60 -4.70 percent [+]
Personal Savings 7.90 7.80 17.30 2.20 percent [+]
Consumer Credit 12.51 18.98 116.79 -111.95 USD Billion [+]
Private Sector Credit 9996.19 9970.48 9996.19 39.04 USD Billion [+]
Bank Lending Rate 4.75 4.75 20.50 2.00 percent [+]
Economic Optimism Index 57.40 57.00 62.90 35.80 [+]
Redbook Index 5.30 5.00 9.30 -5.80 percent [+]
Chain Store Sales 4386.00 3101.00 15875.00 2632.00 USD Million [+]
Gasoline Prices 0.67 0.69 1.07 0.24 USD/Liter [+]
Households Debt To GDP 75.00 74.90 98.60 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 [+]