Personal spending in the United States rose by 0.4% from the previous month to an annualized rate of $20.2 trillion in November of 2024, extending the 0.4% increase from October, and loosely in line with market expectations of a 0.5% expansion. Consumer expenditures rebounded sharply for goods (0.8% vs -0.1% in October), amid higher spending for durable goods (1.8% vs 0.2%) and a rebound in spending of nondurable goods (0.2% vs -0.3%). In turn, spending in services slowed (0.2% vs 0.6%). source: U.S. Bureau of Economic Analysis

Personal Spending in the United States increased 0.40 percent in November 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 8.30 percent in May of 2020 and a record low of -11.40 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 January of 2025.

Personal Spending in the United States increased 0.40 percent in November of 2024 over the previous month. Personal Spending in the United States is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-11-27 03:00 PM
Personal Spending MoM
Oct 0.4% 0.6% 0.3% 0.4%
2024-12-20 01:30 PM
Personal Spending MoM
Nov 0.4% 0.3% 0.5% 0.5%
2025-01-31 01:30 PM
Personal Spending MoM
Dec 0.4% 0.4% 0.5%


Related Last Previous Unit Reference
Consumer Spending 16113.00 15967.30 USD Billion Sep 2024
Disposable Personal Income 21995.10 21934.00 USD Billion Nov 2024
Personal Income MoM 0.30 0.70 percent Nov 2024
Personal Savings 4.40 4.50 percent Nov 2024
Personal Spending MoM 0.40 0.40 percent Nov 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
0.40 0.40 8.30 -11.40 1959 - 2024 percent Monthly
Current Prices, SA


News Stream
US Personal Spending Remains Strong
Personal spending in the United States rose by 0.4% from the previous month to an annualized rate of $20.2 trillion in November of 2024, extending the 0.4% increase from October, and loosely in line with market expectations of a 0.5% expansion. Consumer expenditures rebounded sharply for goods (0.8% vs -0.1% in October), amid higher spending for durable goods (1.8% vs 0.2%) and a rebound in spending of nondurable goods (0.2% vs -0.3%). In turn, spending in services slowed (0.2% vs 0.6%).
2024-12-20
US Personal Spending Rises More than Expected
Personal spending in the United States rose by 0.4% from the previous month to an annualized rate of $20.1 trillion in October of 2024, slowing from the upwardly revised 0.6% increase in the previous month but ahead of market expectations that spending would increase by 0.3%. Expenditure was sharply higher for services (0.5% to $13.808 trillion). In turn, spending was loosely unchanged for goods, as an increase for durable goods (0.3% to $2.19 trillion) offset a decline in spending on nondurable goods (-0.2% to $4.101 trillion).
2024-11-27
US Personal Spending Rises More than Expected
Personal spending in the United States rose by 0.5% from the previous month to an annualized rate of $20.024 trillion in September of 2024, accelerating from the upwardly revised 0.3% increase in the previous month, and ahead of market expectations of a 0.4% increase. The result extended the period of resilience of the US consumer to higher interest rates, adding leeway for the Federal Reserve to hold rates at a restrictive level to combat inflation. The rise was owed to higher spending in goods (0.5% vs -0.2% in August), amid increases for durable goods (0.8% vs -0.4%) and non-durable goods (0.4%), consistent with the jump in spending of services (0.5% vs 0.5%).
2024-10-31