Personal spending in the US increased 1.9 percent month-over-month in July of 2020, following an upwardly revised 6.2 percent rise in June. Figures came higher than market forecasts of a 1.5 percent gain. In numbers, real consumption went up by $200.6 billion, reflecting an increase of $82.1 billion in spending for goods and a $121.2 billion rise in spending for services. Spending on goods was driven by new motor vehicles while within services health care and food services and accommodations grew the most. Within health care, both hospital and outpatient services increased.

Personal Spending in the United States averaged 0.53 percent from 1959 until 2020, reaching an all time high of 8.50 percent in May of 2020 and a record low of -12.90 percent in April of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020.