GDP components · United States
United States Real Consumer Spending QoQ Final
The United States Real Consumer Spending QoQ Final is one part of the national accounts of the United States: what households spend, what businesses invest, what they earn, or how productive workers are.
- Importance
- Medium
- Released
- Quarterly
- Next release
- Currency
- USD · US dollar
- Central bank
- The Federal Reserve
Latest figures
The latest release for Q2, published on 30 September 2026, came in at 3.8%, above the consensus of 3.4%, up from 0.7% the time before (revised).
A stronger figure than expected points to a healthier economy: it usually supports the US dollar and local stocks, and can push bond yields up.
Over the last 7 releases it ranged from 0.5% to 4.0%, averaging 2.4%.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 30 Sep 2026 | Q2 | 3.8% | 3.4% | 0.7% ® |
| 25 Jun 2026 | Q1 | 0.5% | 1.4% | 1.9% |
| 9 Apr 2026 | Q4 | 1.9% | 2% | 3.5% |
| 22 Jan 2026 | Q3 | 3.5% | 3.5% | 2.5% |
| 25 Sep 2025 | Q2 | 2.5% | 1.6% | 0.6% ® |
| 26 Jun 2025 | Q1 | 0.5% | 1.2% | 4% |
| 27 Mar 2025 | Q4 | 4% | 4.2% | 3.7% |
Why it matters
GDP's headline hides its drivers. Household spending is usually the largest part of demand; investment is the most cyclical and tells you about firms' confidence; productivity and labour costs decide whether growth can continue without inflation.
How it is calculated
the Bureau of Labor Statistics (prices and jobs), the Bureau of Economic Analysis (GDP, income and spending) and the Census Bureau (retail sales, housing, trade) estimates each component from surveys, tax and trade data, after inflation where noted ("real").
What changes mean
- Strong spending with weak income growth cannot last: watch the savings rate.
- Productivity growth lets wages rise without pushing up prices; unit labour costs show the opposite.
Higher than expected: A stronger figure than expected points to a healthier economy: it usually supports the US dollar and local stocks, and can push bond yields up.
Lower than expected: A weaker figure than expected points to slowing activity: the US dollar tends to soften and markets price in lower rates.
A short history
The components follow the expenditure approach to GDP set out by Keynesian economics in the 1930s and standardised in the System of National Accounts.
Questions
What is the United States Real Consumer Spending QoQ Final?
The United States Real Consumer Spending QoQ Final is one part of the national accounts of the United States: what households spend, what businesses invest, what they earn, or how productive workers are.
What was the latest United States Real Consumer Spending QoQ Final?
3.8% for Q2, published on 30 September 2026 (consensus 3.4%, previous 0.7%).
When is the next United States Real Consumer Spending QoQ Final?
On Wednesday 23 December 2026 at 13:30 UTC.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.