United States Personal Spending

Last Release

Mar 31, 2025

Actual

0.7

Units In

0.4

Frequency

Monthly

Next Release

May 30, 2025

Time to Release

29 Days 7 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 0.7% month-over-month in March 2025, following an upwardly revised 0.5% gain in February and beating market expectations of a 0.5% increase. The $134.5 billion rise in PCE was driven by a $54.5 billion increase in goods spending—largely due to motor vehicles and parts—and a $79.9 billion jump in services spending, led by food services and accommodations, housing and utilities, healthcare, and other services.