2017 Economic Calendar
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Gallup US Consumer Spending Measure  
Released On 7/3/2017 8:30:00 AM For Jun, 2017
PriorActual
level$104 $103 

Highlights
In June, Americans' daily self-reports of spending averaged $103, essentially unchanged from their $104 average in May. This is the highest level of spending for the month since June 2008, when spending averaged $104. Americans' reported daily spending has averaged $100 or more since February -- the longest stretch of triple-digit spending averages Gallup has recorded in its trend dating to 2008.

The stability in the spending figures is consistent with the trend over the past decade. June spending has generally been flat or dipped slightly. Larger changes, both of which were decreases, occurred in only two years -- 2008 and 2014. Spending among Americans living in households earning less than $90,000 annually was flat in June, at $78 -- similar to May's $79 average. Americans in households earning $90,000 or more annually spent an average of $163 in June, statistically similar to the average $169 they spent in May. Their average for last month was $20 higher than what they spent in June 2016.

Though Americans' confidence in the U.S. economy has edged down from the high points recorded after last fall's presidential election, their spending hasn't slowed. If July spending follows the typical pattern of being similar to June, spending will have averaged a three-digit figure for the sixth month in a row.

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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