2017 Economic Calendar
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Gallup US Consumer Spending Measure  
Released On 6/5/2017 8:30:00 AM For May, 2017
PriorActual
level$107 $104 

Highlights
May average spending levels continued to be relatively healthy in May.at $104, similar to the $107 average in April. May was the fourth consecutive month that Americans' spending averaged $100 or higher.

In most years since 2009, May's spending average has been within $2 of the average for the entire year. There are three exceptions: May 2010 and May 2014, when Americans' spending rivaled or even matched their holiday spending highs in December, and May 2008, the highest monthly average not only for that year, but also in Gallup's entire trend.

Last month's average was the highest for May since 2008, when self-reported spending averaged $114. Americans' spending fell later that year as the global financial crisis took hold. By May 2009, their spending averaged about $50 less -- $63.

Among both higher- and lower-income earners, average spending in May was similar to April. Americans living in households earning $90,000 or more annually spent an average of $169 -- which is among their highest averages in the past year. Spending among Americans in households that earn less than $90,000 annually averaged $79. This too is among the highest rates for this group over the past year.

Definition
Self-reported consumer spending is a new behavioral economics measure based on the individual reports of a random sample of Americans. The focus is on consumer discretionary spending, including on basics such as gas purchases at the pump and more optional impulse purchases online or in stores. Excluded are routine spending, including the consumer's monthly bills, and big purchase items such as automobiles and housing.  Why Investors Care
 

2017 Release Schedule
Released On: 1/42/63/64/35/16/57/38/7
Release For: DecJanFebMarAprMayJunJul
 


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