30 April 2026, 23:17 USA: Personal Spending Matches Expectations.
US personal spending rose by 0.9% month-on-month in March 2026, reaching $195.4 billion, accelerating from an upwardly revised 0.6% increase in February and matching market expectations. The increase was primarily driven by stronger goods spending ($132.6 billion), particularly in gasoline and other energy goods (+$81.3 billion), motor vehicles and parts (+$17.6 billion), other non-durable goods (+$9.9 billion), food and beverages (+$6.9 billion), and recreational goods and vehicles (+$6.3 billion). Spending on services also increased to $62.9 billion, led by health care (+$21.3 billion), financial services and insurance (+$14.6 billion), transportation services (+$6.7 billion), and other services (+$6.6 billion). Meanwhile, inflation-adjusted consumer spending edged down to 0.2%, from an upwardly revised 0.3% in February.
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