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.