United States Personal Spending

Last Release

Apr 30, 2025

Actual

0.2

Units In

0.7

Frequency

Monthly

Next Release

Jun 27, 2025

Time to Release

26 Days 9 Hours

Highest	Lowest	Average	Date Range	Source
8.6 May 2020	-12.6 Apr 2020	0.53 %	1959-2025	U.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 consumption expenditures (PCE) in the United States rose by 0.2% month-over-month in April 2025, slowing from a 0.7% increase in March and in line with market expectations, as the surge in spending ahead of import tariff hikes began to ease. Spending on services rose by 0.4%, down from 0.6% in March. Gains were driven by higher outlays on housing and utilities, health care, and food services and accommodations, though partially offset by declines in spending on nonprofit institutions and financial services and insurance. In contrast, goods spending declined by 0.1%, after a 1.0% surge the month before, reflecting weaker demand for durable goods such as motor vehicles and parts, clothing and footwear, and recreational goods and vehicles.