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

Personal spending in the United States went up 0.5 percent in December from November of 2016, following a 0.2 percent gain in the previous period. Figures came in line with market expectations, boosted by spending on durables, namely cars and services. Considering full 2016, personal consumption increased 3.8 percent after rising 3.5 percent in 2015. 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)
2016-11-30 01:30 PM Oct 0.3% 0.7% 0.5% 0.4%
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 03:00 PM Jan 0.5% 0.3% 0.22%
2017-03-31 12:30 PM Feb 0.30%
2017-05-01 12:30 PM Mar 0.37%




US Consumer Spending Rises 0.5%


Personal spending in the United States went up 0.5 percent in December from November of 2016, following a 0.2 percent gain in the previous period. Figures came in line with market expectations, boosted by spending on durables, namely cars and services. Considering full 2016, personal consumption increased 3.8 percent after rising 3.5 percent in 2015.

Consumption recovered for durable goods (1.4 percent from -0.8 percent), rose slightly faster for nondurables (0.2 percent from 0.1 percent) and increased 0.4 percent for services (same as in November). 

Personal income went up 0.3 percent, higher than a 0.1 percent gain in November but below expectations of 0.4 percent. It primarily reflected increases in wages and salaries, personal current transfer receipts, and rental income of persons. 

Personal outlays increased $66.4 billion in December. Personal saving was $768.4 billion and the personal saving rate was 5.4 percent.

The PCE price index rose 0.2 percent from November after a 0.1 percent gain in the previous period. Excluding food and energy, the PCE price index edged up 0.1 percent after being flat. 

Considering full 2016, personal income rose 3.5 percent, slower than 4.4 percent in 2015. 

BEA | Joana Taborda | joana.taborda@tradingeconomics.com
1/30/2017 1:55:31 PM



United States Consumer Last Previous Highest Lowest Unit
Consumer Confidence 95.70 98.50 111.40 51.70 [+]
Retail Sales MoM 0.40 1.00 6.70 -3.70 percent [+]
Retail Sales YoY 5.60 4.40 11.20 -11.50 percent [+]
Retail Sales Ex Autos 0.80 0.40 2.70 -3.80 percent [+]
Consumer Spending 11640.40 11569.00 11640.40 1320.40 USD Billion [+]
Disposable Personal Income 14281.20 14225.10 14281.20 351.90 USD Billion [+]
Personal Spending 0.50 0.20 2.80 -2.00 percent [+]
Personal Income 0.30 0.10 4.60 -5.20 percent [+]
Personal Savings 5.40 5.50 17.00 1.90 percent [+]
Consumer Credit 14.16 25.20 115.00 -18.00 USD Billion [+]
Private Sector Credit 9128.74 9136.21 9141.48 39.04 USD Billion [+]
Bank Lending Rate 3.75 3.64 20.50 2.00 percent [+]
Economic Optimism Index 56.40 55.60 62.90 35.80 [+]
Redbook Index 0.70 0.20 7.60 -5.80 percent [+]
Gasoline Prices 0.61 0.61 0.99 0.32 USD/Liter [+]
Households Debt To Gdp 78.80 78.40 95.50 23.40 percent of GDP [+]
Chain Store Sales 8741.00 5754.00 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 February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.20 2.80 -2.00 1959 - 2016 percent Monthly
Current Prices, SA



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France -0.80 Dec/16
Netherlands 2.50 Dec/16
Portugal 2.20 Dec/16
Thailand 1.40 Dec/16
United States 0.50 Dec/16