Personal spending in the United States increased by 0.8% from the previous month in March 2024, maintaining the same pace as in February and surpassing market expectations of a 0.6% growth. Spending on goods surged by 1.3% (compared to 0.8% in February), buoyed by higher expenditures on gasoline and other energy goods, including motor vehicle fuels, lubricants, and fluids, as well as other nondurable goods such as recreational items, and food and beverages. Meanwhile, spending on services rose by 0.6% (compared to 0.8% in February), with consumers allocating more funds to healthcare, including outpatient and hospital services, and housing and utilities, particularly housing-related expenses. source: U.S. Bureau of Economic Analysis

Personal Spending in the United States increased 0.80 percent in March of 2024 over the previous month. Personal Spending in the United States averaged 0.54 percent from 1959 until 2024, reaching an all time high of 8.40 percent in May of 2020 and a record low of -11.30 percent in April of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on May of 2024.

Personal Spending in the United States increased 0.80 percent in March of 2024 over the previous month. Personal Spending in the United States is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-03-29 12:30 PM
Personal Spending MoM
Feb 0.8% 0.2% 0.5% 0.3%
2024-04-26 12:30 PM
Personal Spending MoM
Mar 0.8% 0.8% 0.6% 0.5%
2024-05-31 12:30 PM
Personal Spending MoM
Apr 0.8%


Related Last Previous Unit Reference
Consumer Spending 15683.50 15586.67 USD Billion Mar 2024
Disposable Personal Income 20882.90 20718.90 USD Billion Mar 2024
Personal Income MoM 0.50 0.30 percent Mar 2024
Personal Savings 3.20 3.60 percent Mar 2024
Personal Spending MoM 0.80 0.80 percent Mar 2024

United States Personal Spending
Personal consumption expenditures (PCE) is the primary measure of consumer spending on goods and services in the U.S. economy. 1 It accounts for about two-thirds of domestic final spending, and thus it is the primary engine that drives future economic growth. PCE shows how much of the income earned by households is being spent on current consumption as opposed to how much is being saved for future consumption. PCE also provides a comprehensive measure of types of goods and services that are purchased by households. Thus, for example, it shows the portion of spending that is accounted for by discretionary items, such as motor vehicles, or the adjustments that consumers make to changes in prices, such as a sharp run-up in gasoline prices.
Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.80 8.40 -11.30 1959 - 2024 percent Monthly
Current Prices, SA


News Stream
US Personal Spending Rises More than Forecast
Personal spending in the United States increased by 0.8% from the previous month in March 2024, maintaining the same pace as in February and surpassing market expectations of a 0.6% growth. Spending on goods surged by 1.3% (compared to 0.8% in February), buoyed by higher expenditures on gasoline and other energy goods, including motor vehicle fuels, lubricants, and fluids, as well as other nondurable goods such as recreational items, and food and beverages. Meanwhile, spending on services rose by 0.6% (compared to 0.8% in February), with consumers allocating more funds to healthcare, including outpatient and hospital services, and housing and utilities, particularly housing-related expenses.
2024-04-26
US Personal Spending Rises the Most in a Year
Personal spending in the US rose 0.8% month-over-month in February 2024, the biggest gain since January 2023, above 0.2% in January 2024 and forecasts of 0.5%. It reflects an increase of $111.8 billion in spending for services, mostly financial services and insurance (led by financial service charges, fees, and commissions), transportation services (led by air transportation), and housing and utilities (led by housing). Also, consumption of goods rose $33.7 billion, mostly motor vehicles and parts (led by new light trucks). Adjusted for inflation, consumer spending advanced 0.4%.
2024-03-29
US Personal Spending Growth Eases in January
Personal spending in the United States increased by 0.2% from the previous month in January 2024, marking a notable slowdown from the 0.7% rise observed in December, and aligning with market expectations. Spending on services advanced by 1.0% (compared to 0.7% in December) as consumers allocated more funds to housing and utilities, financial services, and insurance due to financial service charges, fees, and commissions, and healthcare expenses such as hospital bills. Meanwhile, spending on goods declined by 1.2% (compared to 0.7% in December), driven by reduced expenditures on motor vehicles and parts, including new light trucks, as well as on gasoline and other energy goods, and other nondurable goods, particularly prescription drugs.
2024-02-29