United States Personal Spending  1959-2016 | Data | Chart | Calendar

Consumer spending in the United States edged up 0.1 percent in March from February of 2016, lower than an upwardly revised 0.2 percent gain in the previous month and below market expectations of a 0.2 percent rise. It is the lowest gain so far this year. Personal income grew at a faster 0.4 percent, compared to a downwardly revised 0.1 percent rise in February and market expectations of a 0.3 percent increase. Personal Spending in the United States averaged 0.54 percent from 1959 until 2016, reaching an all time high of 2.80 percent in October of 2001 and a record low of -2 percent in January of 1987. Personal Spending in the United States is reported by the U.S. Bureau of Economic Analysis.

United States Personal Spending
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Actual Previous Highest Lowest Dates Unit Frequency
0.10 0.10 2.80 -2.00 1959 - 2016 percent Monthly
Current Prices, SA
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 May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-26 03:00 PM Jan 0.5% 0.1% 0.3% 0.3%
2016-03-28 12:30 PM Feb 0.1% 0.1% 0.1% 0.2%
2016-04-29 12:30 PM Mar 0.1% 0.2% 0.2% 0.3%
2016-05-31 12:30 PM Apr 0.1% 0.7% 0.3%
2016-06-29 12:30 PM May 0.26%
2016-08-02 12:30 PM Jun 0.28%

US Personal Spending Edges Up 0.1%, Income Rises 0.4%


Consumer spending in the United States edged up 0.1 percent in March from February of 2016, lower than an upwardly revised 0.2 percent gain in the previous month and below market expectations of a 0.2 percent rise. It is the lowest gain so far this year. Personal income grew at a faster 0.4 percent, compared to a downwardly revised 0.1 percent rise in February and market expectations of a 0.3 percent increase.

Personal consumption expenditures (PCE) increased $12.8 billion, personal income increased $57.4 billion and disposable personal income (DPI) went up $50.4 billion, or 0.4 percent. Real DPI increased 0.3 percent in March, compared with an increase of 0.2 percent in February. Real PCE increased less than 0.1 percent, compared with an increase of 0.3 percent.

Wages and salaries increased $29.2 billion in March, in contrast to a decrease of $4.6 billion in February. Private wages and salaries increased $26.3 billion, in contrast to a decrease of $8.0 billion.  Government wages and salaries increased $2.8 billion, compared with an increase of $3.4 billion. Supplements to wages and salaries increased $5.4 billion in March, compared with an increase of $3.0 billion in February.

The price index for PCE increased 0.1 percent in March, in contrast to a decrease of 0.1 percent in February.  The PCE price index, excluding food and energy, increased 0.1 percent, compared with an increase of 0.2 percent. The March PCE price index increased 0.8 percent from March a year ago. The March PCE price index, excluding food and energy, increased 1.6 percent from March a year ago.

BEA | Joana Taborda | joana.taborda@tradingeconomics.com
4/29/2016 1:49:48 PM

United States Consumer Last Previous Highest Lowest Unit
Consumer Confidence 95.80 91.70 111.40 51.70 [+]
Retail Sales MoM 1.30 -0.30 6.70 -3.70 percent [+]
Retail Sales YoY 3.00 1.70 11.20 -11.50 percent [+]
Retail Sales Ex Autos 0.80 0.20 2.20 -5.00 percent [+]
Consumer Spending 11384.20 11330.70 11384.20 1320.40 USD Billion [+]
Disposable Personal Income 13719.30 13688.50 13719.30 351.90 USD Billion [+]
Personal Spending 0.10 0.10 2.80 -2.00 percent [+]
Personal Income 0.40 0.20 3.80 -5.10 percent [+]
Personal Savings 5.40 5.40 17.00 1.90 percent [+]
Consumer Credit 29.67 14.14 115.00 -18.00 USD Billion [+]
Private Sector Credit 8813.53 8762.93 8813.53 39.04 USD Billion [+]
Bank Lending Rate 3.50 3.50 20.50 2.00 percent [+]
Economic Optimism Index 48.70 46.30 62.90 35.80 [+]
Redbook Index 0.40 0.50 7.60 -5.80 percent [+]
Gasoline Prices 0.57 0.55 0.99 0.32 USD/Liter [+]
Households Debt To Gdp 79.10 79.10 95.50 23.40 percent of GDP [+]
Chain Store Sales 4380.00 4057.00 15875.00 3362.00 USD Million [+]




Last
France -0.10 Apr/16
Netherlands 0.90 Mar/16
Portugal 2.10 Mar/16
Thailand 0.40 Mar/16
United States 0.10 Mar/16