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

Consumer spending in the United States rose 0.4 percent in May from April of 2016, following an upwardly revised 1.1 percent increase in the previous period. It is the second straight month of gains, in line with market expectations, boosted by demand for both goods and services. Income rose 0.2 percent, below 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
0.40 1.00 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 June of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-04-29 12:30 PM Mar 0.1% 0.2% 0.2% 0.3%
2016-05-31 12:30 PM Apr 1% 0.0% 0.7% 0.3%
2016-06-29 12:30 PM May 0.4% 1.1% 0.4% 0.1%
2016-08-02 12:30 PM Jun 0.4% 0.27%
2016-08-29 12:30 PM Jul 0.44%
2016-09-30 12:30 PM Aug 0.41%

US Personal Spending Up 0.4% in May


Consumer spending in the United States rose 0.4 percent in May from April of 2016, following an upwardly revised 1.1 percent increase in the previous period. It is the second straight month of gains, in line with market expectations, boosted by demand for both goods and services. Income rose 0.2 percent, below expectations of a 0.3 percent increase.

Consumption growth slowed for durable (0.3 percent from 2.6 percent in April) and non-durable goods (0.6 percent from 1.7 percent in April) and services (0.4 percent from 0.7 percent in April). 

Personal income increased 0.2 percent or $37.1 billion, slowing from an upwardly revised 0.5 percent gain in April and lower than market expectations of 0.3 percent. Disposable personal income increased $33.9 billion, or 0.2 percent (0.5 percent in April). 

Wages and salaries rose $14.7 billion, compared with an increase of $40.4 billion in April. Private wages and salaries went up $11.8 billion, compared with an increase of $38.7 billion. In contrast, government ones increased $2.9 billion, compared with an increase of $1.6 billion. Supplements to wages and salaries grew $4.6 billion in May, compared with an increase of $6.0 billion in April.

The personal consumption expenditure price index rose 0.2 percent on the month and 0.9 percent on the year (0.3 percent and 1.1 percent respectively in April). Core PCE inflation was steady at a monthly rate of 0.2 percent and an annual of 1.6 percent.

BEA | Joana Taborda | joana.taborda@tradingeconomics.com
6/29/2016 1:52:35 PM

United States Consumer Last Previous Highest Lowest Unit
Consumer Confidence 94.30 94.70 111.40 51.70 [+]
Retail Sales MoM 0.50 1.30 6.70 -3.70 percent [+]
Retail Sales YoY 2.50 3.00 11.20 -11.50 percent [+]
Retail Sales Ex Autos 0.40 0.80 2.20 -5.00 percent [+]
Consumer Spending 11372.90 11330.70 11372.90 1320.40 USD Billion [+]
Disposable Personal Income 13855.40 13719.30 13855.40 351.90 USD Billion [+]
Personal Spending 0.40 1.00 2.80 -2.00 percent [+]
Personal Income 0.20 0.40 4.60 -5.40 percent [+]
Personal Savings 5.40 5.40 17.00 1.90 percent [+]
Consumer Credit 13.42 28.38 115.00 -18.00 USD Billion [+]
Private Sector Credit 8858.13 8813.53 8858.13 39.04 USD Billion [+]
Bank Lending Rate 3.50 3.50 20.50 2.00 percent [+]
Economic Optimism Index 48.20 48.70 62.90 35.80 [+]
Redbook Index 0.50 0.90 7.60 -5.80 percent [+]
Gasoline Prices 0.61 0.62 0.99 0.32 USD/Liter [+]
Households Debt To Gdp 79.20 79.10 95.50 23.40 percent of GDP [+]
Chain Store Sales 4389.00 4380.00 15875.00 3362.00 USD Million [+]




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France -0.70 May/16
Netherlands 0.00 Apr/16
Portugal 2.00 May/16
Thailand 1.10 May/16
United States 0.40 May/16