US Personal Spending Rises 0.3% MoM, Matching Consensus Estimate

US personal spending rose 0.3% month-over-month in June 2026, matching the 0.3% consensus estimate. The June reading slowed from a revised 0.9% increase in May 2026, marking a 0.6 percentage point deceleration in the pace of consumer outlays. This latest print keeps US consumption growth positive but moderating compared with the stronger gains seen earlier in the second quarter, when May spending advanced 0.9% after a 0.7% rise in April. Services outlays typically account for the largest share of US personal spending, and recent reports from the Bureau of Economic Analysis have highlighted services as a key driver of overall consumption, though the June release details remain focused on the aggregate headline figure. Compared with the 0.3% increase recorded in December 2025, the current 0.3% June 2026 gain aligns with a pattern of steady but unspectacular monthly growth in US consumer spending, an important pillar of overall economic activity. Market participants now monitor how this spending trajectory interacts with US inflation readings, labor market data, and Federal Reserve communications to assess the broader policy and growth backdrop. Updated 7/30/26