U.S. Personal Spending Rose 0.5% in November, Matches Forecast

November Spending Rise Shows Economic Resilience

Latest figures show U.S. personal spending increased by 0.5% month-on-month in November, exactly matching market expectations. This growth highlights the underlying strength of the economy despite ongoing challenges.

Understanding the Consumer Trend

Consumer spending remains a critical barometer of economic health. This latest increase reflects sustained confidence among households, with analysts predicting a further rise in December as holiday season spending kicks in.

• 0.5% month-on-month growth in November
• In line with forecasts
• Spending continues to drive economic expansion

Looking Ahead

Economists expect spending to remain resilient in early 2024, supported by a stable labor market and gradual wage increases, setting a solid foundation for the year ahead.