Personal spending in the United States declined 1.0 percent from a month earlier in February 2021, following an upwardly revised 3.4 percent growth in January and compared with market consensus of a 0.7 percent drop. It was the largest decline in consumer spending since the April 2020 record slump as the cold weather weighed on demand and the boost from a second round of stimulus checks faded. Consumption of durable goods slumped 4.7 percent (vs 11.9 percent in January) and that of non-durable goods dropped 2.0 percent (vs 6.5 percent in January). Meanwhile, spending on services was up 0.1 percent (vs 0.9 percent in January). Real PCE fell 1.2 percent in February, due to decreases in spending for both goods and services. source: U.S. Bureau of Economic Analysis

Personal Spending in the United States averaged 0.53 percent from 1959 until 2021, reaching an all time high of 8.70 percent in May of 2020 and a record low of -12.70 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 April of 2021.

Personal Spending in the United States is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Personal Spending in the United States to stand at 0.70 in 12 months time. In the long-term, the United States Personal Spending is projected to trend around 1.00 percent in 2022, according to our econometric models.

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United States Personal Spending

Actual Previous Highest Lowest Dates Unit Frequency
-1.00 3.40 8.70 -12.70 1959 - 2021 percent Monthly
Current Prices, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-12-23 01:30 PM Nov -0.4% 0.3% -0.2% -0.4%
2021-01-29 01:30 PM Dec -0.2% -0.7% -0.4% -0.6%
2021-02-26 01:30 PM Jan 2.4% -0.4% 2.5% 1.9%
2021-03-26 12:30 PM Feb -1.0% 3.4% -0.7% -0.7%
2021-04-30 12:30 PM Mar -1.0% 0.6%
2021-05-28 12:30 PM Apr
2021-06-25 12:30 PM May
2021-07-30 12:30 PM Jun


News Stream
US Personal Spending Falls More than Forecast
Personal spending in the United States declined 1.0 percent from a month earlier in February 2021, following an upwardly revised 3.4 percent growth in January and compared with market consensus of a 0.7 percent drop. It was the largest decline in consumer spending since the April 2020 record slump as the cold weather weighed on demand and the boost from a second round of stimulus checks faded. Consumption of durable goods slumped 4.7 percent (vs 11.9 percent in January) and that of non-durable goods dropped 2.0 percent (vs 6.5 percent in January). Meanwhile, spending on services was up 0.1 percent (vs 0.9 percent in January). Real PCE fell 1.2 percent in February, due to decreases in spending for both goods and services.
2021-03-26
US PCE Surges 2.4% in January
Personal spending in the US jumped 2.4 percent month-over-month in January of 2021, following an upwardly revised 0.4 percent drop in December and compared to market forecasts of a 2.5 percent rise. It is the biggest rise in consumer spending since June amid an increase in payments and unemployment insurance benefits. Spending was boosted by recreational goods and vehicles (notably, information processing equipment) as well as food and beverages, food services and accommodation and health care (led by outpatient services). In contrast, declines were seen in spending on housing and utilities (led by electricity and gas).
2021-02-26
US Personal Spending Falls Less than Expected
Personal spending in the US edged down 0.2 percent month-over-month in December of 2020, following an upwardly revised 0.7 percent drop in November and compared to market forecasts of a 0.4 percent fall as rising coronavirus infections led to more business and activity restrictions and more job losses. Decreases seen in purchases of recreational goods and vehicles, food and beverages, food services and hospitals were partly offset by an increase in spending for motor vehicles and parts, namely new light trucks and electricity.
2021-01-29
US Personal Spending Falls for 1st Time in 7 Months
Personal spending in the US fell 0.4 percent month-over-month in November of 2020, following a downwardly revised 0.3 percent rise in October and worse than market forecasts of a 0.2 percent fall. It is the first decline since a record fall April when the coronavirus pandemic hit the economy hard. Real PCE also went down 0.4 percent, amid lower expenditure on clothing and footwear, new motor vehicles, food services and accommodations as well as in electricity and gas. A notable offset was an increase in spending for food and beverages purchased for offpremises consumption.
2020-12-23

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.