Real Consumer Spending measures the inflation-adjusted value of all goods and services purchased by households on a quarterly basis. As the largest component of Gross Domestic Product (GDP), it serves as a primary engine for economic growth and a gauge of consumer health. Significant increases in real spending indicate robust economic momentum and high consumer confidence.
Calculated by the Bureau of Economic Analysis (BEA) by adjusting nominal Personal Consumption Expenditures (PCE) using the PCE price index. This process removes the effects of price changes to isolate the actual volume of consumption growth.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Aug 26, 2026 | 3.40 | 3.20 | +0.20 |
| Jul 30, 2026 | 3.20 | 0.40 | +2.80 |
| Jun 25, 2026 | 0.50 | 1.40 | -0.90 |
| May 28, 2026 | 1.40 | 1.60 | -0.20 |
| Apr 30, 2026 | 1.60 | 2.60 | -1.00 |
| Apr 9, 2026 | 1.90 | 2.00 | -0.10 |
| Mar 13, 2026 | 2.00 | 2.40 | -0.40 |
| Feb 20, 2026 | 2.40 | 2.60 | -0.20 |
| Jan 22, 2026 | 3.50 | 3.50 | 0.00 |
| Dec 23, 2025 | 3.50 | 2.20 | +1.30 |
| Sep 25, 2025 | 2.50 | 1.60 | +0.90 |
| Aug 28, 2025 | 1.60 | 1.40 | +0.20 |
| Jul 30, 2025 | 1.40 | 0.90 | +0.50 |
| Jun 26, 2025 | 0.50 | 1.20 | -0.70 |
| May 29, 2025 | 1.20 | 1.80 | -0.60 |
| Apr 30, 2025 | 1.80 | 2.20 | -0.40 |
| Mar 27, 2025 | 4.00 | 4.20 | -0.20 |
| Feb 27, 2025 | 4.20 | 4.20 | 0.00 |
| Jan 30, 2025 | 4.20 | 2.90 | +1.30 |
| Dec 19, 2024 | 3.70 | 3.50 | +0.20 |
| Nov 27, 2024 | 3.50 | 3.70 | -0.20 |
| Oct 30, 2024 | 3.70 | 3.00 | +0.70 |
| Sep 26, 2024 | 2.80 | 2.90 | -0.10 |
| Aug 29, 2024 | 2.90 | 2.30 | +0.60 |
| Jul 25, 2024 | 2.30 | 2.20 | +0.10 |
| Jun 27, 2024 | 1.50 | 2.00 | -0.50 |
| May 30, 2024 | 2.00 | 2.50 | -0.50 |
| Apr 25, 2024 | 2.50 | 2.80 | -0.30 |
| Mar 28, 2024 | 3.30 | 3.00 | +0.30 |
| Feb 28, 2024 | 3.00 | 2.80 | +0.20 |
| Jan 25, 2024 | 2.80 | 2.60 | +0.20 |
| Dec 21, 2023 | 3.10 | 3.60 | -0.50 |
| Nov 29, 2023 | 3.60 | 4.00 | -0.40 |
| Oct 26, 2023 | 4.00 | 0.70 | +3.30 |
| Sep 28, 2023 | 0.80 | 1.70 | -0.90 |
| Aug 30, 2023 | 1.70 | 1.60 | +0.10 |
| Jul 27, 2023 | 1.60 | 4.10 | -2.50 |
| Jun 29, 2023 | 4.20 | 3.80 | +0.40 |
| May 25, 2023 | 3.80 | 3.70 | +0.10 |
| Apr 27, 2023 | 3.70 | 0.70 | +3.00 |
| Mar 30, 2023 | 1.00 | 1.40 | -0.40 |
| Feb 23, 2023 | 1.40 | 2.00 | -0.60 |
| Jan 26, 2023 | 2.10 | 1.90 | +0.20 |
| Nov 30, 2022 | 1.70 | 1.40 | +0.30 |
| Oct 27, 2022 | 1.40 | 2.20 | -0.80 |
| Sep 29, 2022 | 2.00 | 1.50 | +0.50 |
| Aug 25, 2022 | 1.50 | 1.00 | +0.50 |
| Jul 28, 2022 | 1.00 | — | — |
| Jun 29, 2022 | 1.80 | — | — |
| May 26, 2022 | 3.10 | 2.70 | +0.40 |
