Personal consumption expenditures increased sharply by 0.5 percent from preceding month in January of 2016 following an upwardly revised 0.1 percent growth in December while beating market expectations of 0.3 percent, boosted by higher purchases of durable goods (+1.2 percent) and services (+0.6 percent). Income went up 0.5 percent, compared to 0.3 percent in December and above forecasts, led by an increase of 0.6 percent in wages and salaries. Personal Spending in the United States averaged 0.55 percent from 1959 until 2016, reaching an all time high of 2.80 percent in October of 2001 and a record low of -2 percent in January of 1987. Personal Spending in the United States is reported by the U.S. Bureau of Economic Analysis.
|0.50||0.00||2.80||-2.00||1959 – 2016||percent||Monthly|
Current Prices, SA
Consumer spending accounts for about 70 percent of economic activity in the United States and is a key driver of growth. 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 – actual data, historical chart and calendar of releases – was last updated on March of 2016.