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United States Personal Spending

Last Release
May 31, 2024
Actual
0.2
Units In
%
Previous
0.1
Frequency
Monthly
Next Release
Jul 26, 2024
Time to Release
26 Days 12 Hours
Highest
Lowest
Average
Date Range
Source
8.6
May 2020
-12.6
Apr 2020
0.53 %1959-2024U.S. Bureau of Economic Analysis
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.

Latest Updates

Personal spending in the United States increased 0.2% from the previous month in May 2024, below market expectations of a 0.3% rise. The $47.8 billion increase in current-dollar PCE in May reflected an increase of $34.2 billion in spending for services and a $13.6 billion increase in spending for goods Within services, the largest contributors to the increase were health care (led by hospitals), housing and utilities (led by housing), and transportation services (led by air transportation). Within goods, the increase primarily reflected an increase in other nondurable goods (led by prescription drugs) that was partly offset by a decrease in gasoline and other energy goods. When considering real consumption expenditure, spending went up by 0.3% from the previous month.

United States Personal Spending History

Last 12 readings

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