United States Personal Spending  1959-2017 | Data | Chart | Calendar

Personal spending in the United States went up 0.2 percent in January of 2017 from December, following a 0.5 percent gain in the previous period. Figures came in below market expectations of 0.3 percent mainly due to a fall in purchases of durable goods, namely autos while spending on services was flat. Personal Spending in the United States averaged 0.54 percent from 1959 until 2017, reaching an all time high of 2.80 percent in October of 2001 and a record low of -2 percent in January of 1987.

United States Personal Spending
Receive the next reported value for United States Personal Spending in you Inbox



We will not not share your email with third parties and you can unsubscribe at any time.
Please Paste this Code in your Website
Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-12-22 03:00 PM Nov 0.2% 0.4% 0.3% 0.2%
2017-01-30 01:30 PM Dec 0.5% 0.2% 0.5% 0.5%
2017-03-01 01:30 PM Jan 0.2% 0.5% 0.3% 0.2%
2017-03-31 12:30 PM Feb 0.2% 0.2% 0.3%
2017-05-01 12:30 PM Mar 0.33%
2017-05-30 12:30 PM Apr 0.31%




US Personal Spending Rises Less Than Expected


Personal spending in the United States went up 0.2 percent in January of 2017 from December, following a 0.5 percent gain in the previous period. Figures came in below market expectations of 0.3 percent mainly due to a fall in purchases of durable goods, namely autos while spending on services was flat.

Consumption rose faster for nondurable goods (1 percent compared to 0.3 percent in December) but was flat for services (0.4 percent in December) and fell for durable goods (-0.3 percent compared to +1.7 percent in December).

Personal income rose 0.4 percent, higher than 0.3 percent in December and above market expectations of 0.3 percent. It primarily reflected increases in wages and salaries and personal current transfer receipts that were partially offset by an increase in contributions for government social insurance.

Personal outlays increased $24.0 billion and personal saving was $795.7 billion. The personal saving rate, personal saving as a percentage of disposable personal income, was 5.5 percent.

Disposable personal income (DPI) increased 0.3 percent. In contrast, real DPI fell 0.2 percent and real PCE decreased 0.3 percent, mainly due to falls in spending for services, notably  utilities, and durable goods.

The PCE price index rose 0.4 percent from December after a 0.2 percent gain in the previous period. Excluding food and energy, the PCE price index went up 0.3 percent after a 0.1 percent rise in December. 

BEA | Joana Taborda | joana.taborda@tradingeconomics.com
3/1/2017 1:46:14 PM



United States Consumer Last Previous Highest Lowest Unit
Consumer Confidence 97.60 96.30 111.40 51.70 [+]
Retail Sales MoM 0.10 0.60 6.70 -3.70 percent [+]
Retail Sales YoY 5.70 6.00 11.20 -11.50 percent [+]
Retail Sales Ex Autos 0.20 1.20 2.70 -3.80 percent [+]
Consumer Spending 11655.00 11569.00 11655.00 1320.40 USD Billion [+]
Disposable Personal Income 14345.40 14281.20 14345.40 351.90 USD Billion [+]
Personal Spending 0.20 0.50 2.80 -2.00 percent [+]
Personal Income 0.40 0.30 4.60 -5.20 percent [+]
Personal Savings 5.50 5.40 17.00 1.90 percent [+]
Consumer Credit 8.79 14.76 115.00 -18.00 USD Billion [+]
Private Sector Credit 9130.82 9128.74 9141.48 39.04 USD Billion [+]
Bank Lending Rate 3.75 3.75 20.50 2.00 percent [+]
Economic Optimism Index 55.30 56.40 62.90 35.80 [+]
Redbook Index 1.20 1.30 7.60 -5.80 percent [+]
Gasoline Prices 0.61 0.61 0.99 0.32 USD/Liter [+]
Households Debt To Gdp 79.40 78.80 95.50 23.40 percent of GDP [+]
Chain Store Sales 3129.00 8741.00 15875.00 3129.00 USD Million [+]



United States Personal Spending Notes

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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.50 2.80 -2.00 1959 - 2017 percent Monthly
Current Prices, SA



Last
France 0.60 Jan/17
Netherlands 2.50 Dec/16
Portugal 2.50 Jan/17
Thailand -1.50 Jan/17
United States 0.20 Jan/17