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

Personal consumption expenditures in the United States increased by 0.3 percent month-over-month in October 2016, easing from an upwardly revised 0.7 percent growth in September and below market expectations of 0.5 percent gain. Consumption of goods rose by 1.3 percent while spending on services fell by 0.2 percent. 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.

United States Personal Spending
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-09-30 12:30 PM Aug 0.0% 0.4% 0.1% 0.3%
2016-10-31 12:30 PM Sep 0.5% -0.1% 0.5% 0.3%
2016-11-30 01:30 PM Oct 0.3% 0.7% 0.5% 0.4%
2016-12-23 01:30 PM Nov 0.3% 0.21%
2017-02-01 01:30 PM Dec 0.45%
2017-02-27 03:00 PM Jan 0.20%




US Personal Spending Rises Less Than Expected in October


Personal consumption expenditures in the United States increased by 0.3 percent month-over-month in October 2016, easing from an upwardly revised 0.7 percent growth in September and below market expectations of 0.5 percent gain. Consumption of goods rose by 1.3 percent while spending on services fell by 0.2 percent.

Spending rose at a faster pace for goods (+1.3 percent from +1.2 percent in September), boosted by nondurable goods (+1.4 percent from +0.7 percent) while consumption of durable goods slowed (+1 percent from +2.1 percent). Spending on services fell by 0.2 percent, after growing by 0.5 percent the previous month. 

Personal income went up 0.6 percent, compared to a 0.4 percent gain in September and market expectations of a 0.4 percent increase. It primarily reflected increases in compensation of employees (+0.5 percent from +0.4 percent in September) and personal interest income (+1.8 percent from +0.2 percent). Real DPI increased by 0.4 percent, following a 0.2 percent rise in the previous month.

The PCE price index increased 0.2 percent from September, the same as in the previous month. Excluding food and energy, the PCE price index edged up 0.1 percent, the same as in September.

BEA | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/30/2016 1:55:16 PM



United States Consumer Last Previous Highest Lowest Unit
Consumer Confidence 93.80 87.20 111.40 51.70 [+]
Retail Sales MoM 0.80 1.00 6.70 -3.70 percent [+]
Retail Sales YoY 4.30 3.20 11.20 -11.50 percent [+]
Retail Sales Ex Autos 0.80 0.70 2.70 -3.80 percent [+]
Consumer Spending 11563.50 11484.90 11563.50 1320.40 USD Billion [+]
Disposable Personal Income 14107.20 14075.70 14107.20 351.90 USD Billion [+]
Personal Spending 0.30 0.70 2.80 -2.00 percent [+]
Personal Income 0.60 0.40 4.60 -5.20 percent [+]
Personal Savings 5.70 5.70 17.00 1.90 percent [+]
Consumer Credit 19.29 26.75 115.00 -18.00 USD Billion [+]
Private Sector Credit 9106.39 9072.18 9106.39 39.04 USD Billion [+]
Bank Lending Rate 3.50 3.50 20.50 2.00 percent [+]
Economic Optimism Index 54.80 51.40 62.90 35.80 [+]
Redbook Index 0.70 2.20 7.60 -5.80 percent [+]
Gasoline Prices 0.57 0.59 0.99 0.32 USD/Liter [+]
Households Debt To Gdp 78.40 79.20 95.50 23.40 percent of GDP [+]
Chain Store Sales 4099.00 4118.00 15875.00 3362.00 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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.70 2.80 -2.00 1959 - 2016 percent Monthly
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