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

Consumer spending in the United States increased 0.3 percent in July from June of 2016, slowing from an upwardly revised 0.5 percent gain in the previous period but matching market expectations. It is the fourth straight month of gains, mainly boosted by spending for new vehicles and suggesting robust consumer demand. Income rose at a faster 0.4 percent, also in line with forecasts. 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
0.30 0.50 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 September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-06-29 12:30 PM May 0.4% 1.1% 0.4% 0.1%
2016-08-02 12:30 PM Jun 0.4% 0.4% 0.3% 0.3%
2016-08-29 12:30 PM Jul 0.3% 0.5% 0.3% 0.3%
2016-09-30 12:30 PM Aug 0.3% 0.2% 0.3%
2016-10-31 12:30 PM Sep 0.31%
2016-11-30 01:30 PM Oct 0.25%

US Personal Spending Rises 0.3% in July


Consumer spending in the United States increased 0.3 percent in July from June of 2016, slowing from an upwardly revised 0.5 percent gain in the previous period but matching market expectations. It is the fourth straight month of gains, mainly boosted by spending for new vehicles and suggesting robust consumer demand. Income rose at a faster 0.4 percent, also in line with forecasts.

Real personal consumption expenditure rose 0.3 percent, mainly due to increases in spending for new motor vehicles and for services that was partially offset by a decrease in spending for nondurable goods.

Real disposable personal income went up 0.4 percent which primarily reflected increases in wages and salaries and personal current transfer receipts. Personal outlays rose $41.6 billion; personal saving was $794.7 billion and the personal saving rate, personal saving as a percentage of disposable personal income, was 5.7 percent.

The PCE price index was unchanged from June. Excluding food and energy, the PCE price index increased 0.1 percent in July.

BEA | Joana Taborda | joana.taborda@tradingeconomics.com
8/29/2016 1:50:53 PM

United States Consumer Last Previous Highest Lowest Unit
Consumer Confidence 89.80 89.80 111.40 51.70 [+]
Retail Sales MoM -0.30 0.10 6.70 -3.70 percent [+]
Retail Sales YoY 1.90 2.40 11.20 -11.50 percent [+]
Retail Sales Ex Autos -0.10 -0.40 2.70 -3.80 percent [+]
Consumer Spending 11487.40 11365.20 11487.40 1320.40 USD Billion [+]
Disposable Personal Income 14059.90 13941.00 14059.90 351.90 USD Billion [+]
Personal Spending 0.30 0.50 2.80 -2.00 percent [+]
Personal Income 0.40 0.30 4.60 -5.20 percent [+]
Personal Savings 5.70 5.30 17.00 1.90 percent [+]
Consumer Credit 17.71 14.53 115.00 -18.00 USD Billion [+]
Private Sector Credit 8998.31 8970.11 8998.31 39.04 USD Billion [+]
Bank Lending Rate 3.50 3.50 20.50 2.00 percent [+]
Economic Optimism Index 46.70 48.40 62.90 35.80 [+]
Redbook Index 0.20 0.40 7.60 -5.80 percent [+]
Gasoline Prices 0.59 0.58 0.99 0.32 USD/Liter [+]
Households Debt To Gdp 78.40 79.20 95.50 23.40 percent of GDP [+]
Chain Store Sales 4122.00 4281.00 15875.00 3362.00 USD Million [+]




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France -0.20 Jul/16
Netherlands 2.20 Jul/16
Portugal 1.60 Aug/16
Thailand -0.31 Jul/16
United States 0.30 Jul/16