US Consumer Spending Eases Less Than Expected
US personal spending increased by $36.3 billion, or 0.2%, in July 2026 from the previous month, slowing from a 0.3% gain in June but exceeding expectations for a 0.1% increase, as an increase in services spending was partially offset by a decline in spending of most goods. Goods spending decreased $49.9 billion, driven by a ...
In July 2026, US consumer spending rose by $36.3 billion, or 0.2%, compared to June, according to Trading Economics. While this figure fell short of the 0.3% increase anticipated, it surpassed expectations of a 0.1% rise. The growth was primarily driven by an upsurge in services spending, which increased by $86.2 billion. Conversely, spending on goods declined by $49.9 billion, largely due to a dip in energy-related goods (-$14 billion), recreational items and vehicles (-$13.6 billion), motor vehicles and parts (-$9.4 billion), and furnishings and durable household equipment (-$3.8 billion).
Inflation-adjusted consumer spending remained relatively stagnant in July, after a 0.4% increase the previous month.
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