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13.03.202612:36:27UTC+00US Personal Spending Rises on Strong Services Demand

US personal spending rose 0.4% month over month in January 2026, or by $81.1 billion, matching December’s pace and slightly exceeding market expectations of a 0.3% increase. The gain was driven mainly by a $105.7 billion rise in services outlays, led by health care (+$37.4 billion), housing and utilities (+$24.4 billion), financial services and insurance (+$16.0 billion), expenditures by nonprofit institutions (+$14.8 billion), and other services (+$11.0 billion). By contrast, spending on goods fell by $24.6 billion, weighed down by reduced purchases of motor vehicles and parts (-$29.3 billion), gasoline and other energy goods (-$15.3 billion), and clothing and footwear (-$3.4 billion). After adjusting for inflation, consumer spending rose a modest 0.1%.

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