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United States Personal Spending

Last Release
May 31, 2025
Actual
-0.1
Units In
%
Previous
0.2
Frequency
Monthly
Next Release
Jul 31, 2025
Time to Release
1 Months 1 Days 12 Hours
Highest
Lowest
Average
Date Range
Source
8.6
May 2020
-12.6
Apr 2020
0.53 %1959-2025U.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 fell by 0.1% from the previous month to $21.441 trillion in May of 2025, following the 0.2% increase in the previous month, and contrasting with expectations of a 0.1% increase. It was the first contraction since January, suggesting that tariffs and economic uncertainty may have hampered consumer's appetite. Spending fell sharply for goods (-0.1% vs 0.2% in April), amid a sharp decline in durable goods (-1.8% vs 0.4%) and a softer drop for non-durable goods (-0.2% vs 0%). In turn, spending in services rose at a softer pace (0.1% vs 0.2%).

United States Personal Spending History

Last 12 readings

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