US Personal Spending Below Forecasts

2025-03-28 12:40 By Joana Taborda 1 min. read

Personal spending in the US increased 0.4% month-over-month in February 2025, rebounding from a downwardly revised 0.3% fall in January but falling short of market expectations of a 0.5% gain.

Spending on goods went up $56.3 billion and that on services rose $31.5 billion.

Biggest increases were seen in spending on financial services and insurance ($15 billion), health care ($13.6 billion), motor vehicles and parts ($12.7 billion), food and beverages ($10 billion) and recreational goods and vehicles ($9.9 billion).

In contrast, decreases were seen in spending for gasoline and other energy goods ($-6.3 billion), food services and accommodations ($-15 billion), and final expenditures of nonprofit institutions ($-15.8 billion).



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