Inflation-adjusted US personal spending edged up 0.1% month-over-month in April 2026, slowing from an upwardly revised 0.3% increase in March, as consumers showed signs of more cautious demand. Spending on goods declined 0.1%, following a 0.8% rise in March, with motor vehicles and parts falling 1.1% (vs. +3.5% in March) and clothing and footwear dropping 0.9% (vs. -0.2%). Recreational goods and vehicles also saw a fifth consecutive monthly decline (-0.5% vs. -0.6%). Meanwhile, spending on services accelerated to 0.2% from 0.1%, driven by recreation services (1.1% vs. 0.2%), financial services and insurance (0.2% vs. 0.1%), food services and accommodations (0.2% vs. 0.0%), and healthcare (0.1% vs. 0.0%).