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. source: U.S. Bureau of Economic Analysis

Personal Spending in the United States averaged 0.53 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 December of 2020.

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 0.40 in 12 months time. In the long-term, the United States Personal Spending is projected to trend around 0.70 percent in 2021 and 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
0.50 1.20 8.70 -12.70 1959 - 2020 percent Monthly
Current Prices, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-28 12:30 PM Jul 1.9% 6.2% 1.5% 1.2%
2020-10-01 12:30 PM Aug 1% 1.5% 0.8% 0.8%
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 0.5% -0.2% -0.4%
2021-01-29 01:30 PM Dec -0.4%
2021-02-26 01:30 PM Jan
2021-03-26 12:30 PM Feb


News Stream
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
US Personal Spending Beats Forecasts
Personal consumption expenditure in the US increased 1 percent month-over-month in August of 2020, above market forecasts of a 0.8 percent gain and following a downwardly revised 1.5 percent rise in July. Real personal consumption went up 0.7 percent, reflecting increases in spending for food services and accommodations as well as health care. In contrast, spending on goods declined, mainly due to food and beverages purchased for off-premises consumption.
2020-10-01
US Personal Spending Beats Forecasts
Personal spending in the US increased 1.9 percent month-over-month in July of 2020, following an upwardly revised 6.2 percent rise in June. Figures came higher than market forecasts of a 1.5 percent rise. In numbers, real consumption went up by $200.6 billion, reflecting an increase of $82.1 billion in spending for goods and a $121.2 billion increase in spending for services. Spending on goods was driven by new motor vehicles while within services health care and food services and accommodations grew the most. Within health care, both hospital and outpatient services increased.
2020-08-28

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.