Personal spending in the United States was unchanged in May 2021, following an upwardly revised 0.9 percent growth in April and missing market expectations of a 0.4 percent increase. An increase in spending for services was mostly offset by a decline in spending for goods. Within services, increases were widespread, led by recreation services, food services and accommodations, as well as housing and utilities. A decrease in spending on motor vehicles and parts was the leading contributor to the decrease in goods. Meanwhile, the annual core PCE price inflation, the Fed's preferred gauge of inflation, rose to 3.4%, the highest since the 1990s and in line with market expectations. source: U.S. Bureau of Economic Analysis

Personal Spending in the United States averaged 0.53 percent from 1959 until 2021, 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 July of 2021.

Personal Spending in the United States is expected to be 0.30 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
0.00 0.90 8.70 -12.70 1959 - 2021 percent Monthly
Current Prices, SA


Calendar GMT Actual Previous Consensus TEForecast
2021-03-26 12:30 PM Feb -1.0% 3.4% -0.7% -0.7%
2021-04-30 12:30 PM Mar 4.2% -1% 4.1% 4.6%
2021-05-28 12:30 PM Apr 0.5% 4.7% 0.5% 0.5%
2021-06-25 12:30 PM May 0.0% 0.9% 0.4% 0.4%
2021-07-30 12:30 PM Jun 0.0% 0.7% 0.5%
2021-08-27 12:30 PM Jul
2021-10-01 12:30 PM Aug
2021-10-29 12:30 PM Sep


News Stream
US Consumer Spending Unexpectedly Stalls in May
Personal spending in the United States was unchanged in May 2021, following an upwardly revised 0.9 percent growth in April and missing market expectations of a 0.4 percent increase. An increase in spending for services was mostly offset by a decline in spending for goods. Within services, increases were widespread, led by recreation services, food services and accommodations, as well as housing and utilities. A decrease in spending on motor vehicles and parts was the leading contributor to the decrease in goods.
2021-06-25
US Personal Spending Rises 0.5% in April
Personal spending in the United States rose 0.5 percent from a month earlier in April 2021, following an upwardly revised 4.7 percent rise in March and matching consensus as Americans were spending more on services, dining out and traveling. The $80.3 billion increase in PCE reflected an increase of $112.6 billion in spending for services that was partly offset by a $32.3 billion decrease in spending for goods. Within services, the largest contributors to the increase were spending for recreation services and for food services and accommodations. Within goods, a decrease in nondurable goods was partly offset by an increase in durable goods. Within nondurable goods, the decrease was widespread and led by food and beverages. Within durable goods, the increase was accounted for by an increase in motor vehicles and parts.
2021-05-28
US Personal Spending Rises Most in 9 Months
Personal spending in the United States jumped 4.2 percent from a month earlier in March 2021, following a 1.0 percent fall in February and slightly beating market consensus of a 4.1 percent growth. It was the largest increase in consumption since June 2020, as households received an additional round of direct economic impact payments from the government. Spending on goods was supported by both nondurable, led by “other” nondurable goods, which includes recreational items like games, toys, and hobbies, and durable goods, in particular motor vehicles and parts. In addition, the largest contributor to the increase in spending on services was spending for food services and accommodations.
2021-04-30
US Personal Spending Falls More than Forecast
Personal spending in the United States declined 1.0 percent from a month earlier in February 2021, following an upwardly revised 3.4 percent growth in January and compared with market consensus of a 0.7 percent drop. It was the largest decline in consumer spending since the April 2020 record slump as the cold weather weighed on demand and the boost from a second round of stimulus checks faded. Consumption of durable goods slumped 4.7 percent (vs 11.9 percent in January) and that of non-durable goods dropped 2.0 percent (vs 6.5 percent in January). Meanwhile, spending on services was up 0.1 percent (vs 0.9 percent in January). Real PCE fell 1.2 percent in February, due to decreases in spending for both goods and services.
2021-03-26

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.