U.S. consumer spending rose at a solid pace in August, with inflation remaining elevated and closely watched by the Federal Reserve. The Bureau of Economic Analysis reported Friday that personal spending increased for the third consecutive month, even as income gains slowed and savings declined.
- Core PCE Price Index: +0.2% month-over-month, +2.9% year-over-year (in line with estimates)
- PCE Price Index: +0.3% month-over-month, +2.7% year-over-year (in line with estimates)
- Personal Spending: +0.6% month-over-month (vs. +0.5% estimate)
- Real Personal Spending: +0.4% month-over-month (vs. +0.2% estimate)
- Personal Income: +0.4% month-over-month (vs. +0.3% estimate)
- Savings Rate: Declined to 4.6%, the lowest level of 2025
- Merchandise spending rose 0.7%, led by furnishings, clothing, and recreational goods
- Services prices drove PCE inflation, while goods prices showed declines in categories like appliances and household supplies
Relevant Companies
- None found
Editor’s Note: This is a developing story. This article may be updated as more details become available.
