US personal spending increased by 0.5% month-on-month in April 2026, or $111.1 billion, slowing from an upwardly revised 1% gain in March and matching market expectations. Spending on goods rose by $44.0 billion, primarily driven by a $28.8 billion surge in gasoline and other energy goods amid soaring energy prices tied to the Middle East conflict. Additional gains were seen in food and beverages ($9.5 billion), other nondurable goods ($8.2 billion), and recreational goods and vehicles ($8.1 billion), while motor vehicle spending fell by $9.2 billion. Spending on services climbed by $67.2 billion, led by housing and utilities ($22.7 billion), recreation services ($12.1 billion), food services and accommodations ($11.3 billion), and final expenditures of nonprofit institutions ($9.9 billion). Meanwhile, inflation-adjusted consumer spending edged up 0.1% in April, slowing from an upwardly revised 0.3% increase in March.