U.S. personal consumption growth

Projected real growth in personal consumption expenditures.

United States · %120 extracted figures5 institutions8 comparable groups

Revisions on this metric

72 on record
2026-09-11Fannie Mae 2026 Q4 · Quarterly SAAR2.4%→2.1
2026-02-01CBO 2025 Q3 · Quarterly SAAR1.254→2.975
2026-02-01CBO 2025 Q4 · Quarterly SAAR0.684→1.298
2026-02-01CBO 2025 full year · Annual growth1.989→2.524
2026-02-01CBO 2026 Q1 · Quarterly SAAR1.244→1.391
2026-02-01CBO 2026 Q2 · Quarterly SAAR2.041→2.261
2026-02-01CBO 2026 Q3 · Quarterly SAAR1.855→1.928
2026-02-01CBO 2026 Q4 · Quarterly SAAR1.57→1.794
2026-02-01CBO 2026 full year · Annual growth1.407→1.892
2026-02-01CBO 2027 Q1 · Quarterly SAAR1.512→1.523
2026-02-01CBO 2027 Q3 · Quarterly SAAR1.393→1.614
2026-02-01CBO 2027 Q4 · Quarterly SAAR1.476→1.582
2026-02-01CBO 2027 full year · Annual growth1.56→1.662
2026-02-01CBO 2028 Q1 · Quarterly SAAR1.797→1.712
2026-02-01CBO 2028 Q2 · Quarterly SAAR1.541→1.607
2026-02-01CBO 2028 Q3 · Quarterly SAAR1.543→1.602
2026-02-01CBO 2028 Q4 · Quarterly SAAR1.341→1.566
2026-02-01CBO 2028 full year · Annual growth1.553→1.613
2025-09-01CBO 2025 Q3 · Quarterly SAAR1.797→1.254
2025-09-01CBO 2025 Q4 · Quarterly SAAR1.605→0.684
2025-09-01CBO 2025 full year · Annual growth2.442→1.989
2025-09-01CBO 2026 Q1 · Quarterly SAAR1.293→1.244
2025-09-01CBO 2026 Q2 · Quarterly SAAR1.648→2.041
2025-09-01CBO 2026 Q3 · Quarterly SAAR1.158→1.855
2025-09-01CBO 2026 Q4 · Quarterly SAAR1.546→1.57
2025-09-01CBO 2026 full year · Annual growth1.558→1.407
2025-09-01CBO 2027 Q1 · Quarterly SAAR1.754→1.512
2025-09-01CBO 2027 Q2 · Quarterly SAAR1.325→1.399
2025-09-01CBO 2027 Q3 · Quarterly SAAR1.313→1.393
2025-09-01CBO 2027 Q4 · Quarterly SAAR1.528→1.476
2025-09-01CBO 2027 full year · Annual growth1.484→1.56
2025-09-01CBO 2028 Q1 · Quarterly SAAR1.682→1.797
2025-09-01CBO 2028 Q2 · Quarterly SAAR1.609→1.541
2025-09-01CBO 2028 Q3 · Quarterly SAAR1.773→1.543
2025-09-01CBO 2028 Q4 · Quarterly SAAR1.814→1.341
2025-09-01CBO 2028 full year · Annual growth1.591→1.553
2025-01-01CBO 2024 Q4 · Quarterly SAAR1.455→2.752
2025-01-01CBO 2024 full year · Annual growth2.735→2.656
2025-01-01CBO 2025 Q1 · Quarterly SAAR1.589→2.025
2025-01-01CBO 2025 Q2 · Quarterly SAAR1.586→2.566
2025-01-01CBO 2025 Q3 · Quarterly SAAR1.46→1.797
2025-01-01CBO 2025 Q4 · Quarterly SAAR1.376→1.605
2025-01-01CBO 2025 full year · Annual growth1.768→2.442
2025-01-01CBO 2026 Q1 · Quarterly SAAR0.94→1.293
2025-01-01CBO 2026 Q2 · Quarterly SAAR1.206→1.648
2025-01-01CBO 2026 Q3 · Quarterly SAAR1.387→1.158
2025-01-01CBO 2026 Q4 · Quarterly SAAR1.536→1.546
2025-01-01CBO 2026 full year · Annual growth1.27→1.558
2025-01-01CBO 2027 Q1 · Quarterly SAAR1.404→1.754
2025-01-01CBO 2027 Q2 · Quarterly SAAR1.458→1.325
2025-01-01CBO 2027 Q3 · Quarterly SAAR1.494→1.313
2025-01-01CBO 2027 Q4 · Quarterly SAAR1.545→1.528
2025-01-01CBO 2027 full year · Annual growth1.445→1.484
2024-06-01CBO 2024 Q2 · Quarterly SAAR1.079→3.444
2024-06-01CBO 2024 Q3 · Quarterly SAAR1.4→2.563
2024-06-01CBO 2024 Q4 · Quarterly SAAR1.538→1.455
2024-06-01CBO 2024 full year · Annual growth1.633→2.735
2024-06-01CBO 2025 Q1 · Quarterly SAAR1.917→1.589
2024-06-01CBO 2025 Q2 · Quarterly SAAR1.834→1.586
2024-06-01CBO 2025 Q3 · Quarterly SAAR1.814→1.46
2024-06-01CBO 2025 Q4 · Quarterly SAAR1.901→1.376
2024-06-01CBO 2025 full year · Annual growth1.7→1.768
2024-06-01CBO 2026 Q1 · Quarterly SAAR1.404→0.94
2024-06-01CBO 2026 Q2 · Quarterly SAAR1.621→1.206
2024-06-01CBO 2026 Q3 · Quarterly SAAR1.628→1.387
2024-06-01CBO 2026 Q4 · Quarterly SAAR1.751→1.536
2024-06-01CBO 2026 full year · Annual growth1.665→1.27
2024-06-01CBO 2027 Q1 · Quarterly SAAR1.953→1.404
2024-06-01CBO 2027 Q2 · Quarterly SAAR1.903→1.458
2024-06-01CBO 2027 Q3 · Quarterly SAAR2.055→1.494
2024-06-01CBO 2027 Q4 · Quarterly SAAR2.103→1.545
2024-06-01CBO 2027 full year · Annual growth1.867→1.445

2026 Q4 · Quarterly SAAR

4 institutions
Forecasts by report dateUnited States
1.50%1.92%2.40%CONSENSUSFEB 24MAY 25SEPT 26Fannie Mae · 2.1 · 2026-09-11Wells Fargo · 2.3% · 2026-07-30RBC · 1.5% · 2026-07-13Fannie Mae · 2.4% · 2026-07-10CBO · 1.794 · 2026-02-01CBO · 1.57 · 2025-09-01CBO · 1.546 · 2025-01-01CBO · 1.536 · 2024-06-01CBO · 1.751 · 2024-02-01CBO 1.751

EmphasisedOther institutionsConsensus

InstitutionPeriodReportedForecast
Fannie Mae2026 Q4“| Personal Consumption Expenditures (PCE) | 0.6 | 2.5 | 3.5 | 1.9 | 0.5 | 3.4 | 2.3 | 2.1 | 2.0 | 2.1 | 2.2 | 2.3 | 2.1 | 2.1 | 2.2 |” — Table, Personal Consumption Expenditures row, 2026 Q4 column · source ↗2026-09-112.1
Wells Fargo2026 Q4“Personal Consumption | 2026 4Q | 2.3” — U.S. Economic Forecast table · 2026 Q4 · source ↗2026-07-302.3%
RBC2026 Q4“Consumer Expenditures | 2026 Q4 | 1.5” — U.S. Forecast Detail · 2026 Q4 · source ↗2026-07-131.5%
Fannie Mae2026 Q4“Personal Consumption Expenditures (PCE) | 26.4 | 2.4” — Economic Forecast table · 2026 Q4 · source ↗2026-07-102.4%
CBO2026 Q4“2026q4,real_pce_pct_change,1.794,projected” — economic_projections/quarterly_2026-02.csv, real_pce_pct_change · source ↗2026-02-011.794
CBO2026 Q4“2026q4,real_pce_pct_change,1.57,projected” — economic_projections/quarterly_2025-09.csv, real_pce_pct_change · source ↗2025-09-011.57
CBO2026 Q4“2026q4,real_pce_pct_change,1.546,projected” — economic_projections/quarterly_2025-01.csv, real_pce_pct_change · source ↗2025-01-011.546
CBO2026 Q4“2026q4,real_pce_pct_change,1.536,projected” — economic_projections/quarterly_2024-06.csv, real_pce_pct_change · source ↗2024-06-011.536
CBO2026 Q4“2026q4,real_pce_pct_change,1.751,projected” — economic_projections/quarterly_2024-02.csv, real_pce_pct_change · source ↗2024-02-011.751
Readout
Consensus
1.92%
Spread
+0.80%
Low
1.50%
High
2.30%
Reporting
4
Basis
Quarterly SAAR

2027 full year · Annual growth

3 institutions
Forecasts by report dateUnited States
1.40%1.75%2.20%CONSENSUSFEB 24MAY 25SEPT 26Deloitte · 1.4% · 2026-09-29Fannie Mae · 2.2 · 2026-09-11CBO · 1.662 · 2026-02-01CBO · 1.56 · 2025-09-01CBO · 1.484 · 2025-01-01CBO · 1.445 · 2024-06-01CBO · 1.867 · 2024-02-01CBO 1.867

EmphasisedOther institutionsConsensus

InstitutionPeriodReportedForecast
Deloitte2027 full year“We now expect real consumer spending to grow by 2% this year before decelerating to 1.4% next year.” — Consumer spending section · source ↗2026-09-291.4%
Fannie Mae2027 full year“| Personal Consumption Expenditures (PCE) | 0.6 | 2.5 | 3.5 | 1.9 | 0.5 | 3.4 | 2.3 | 2.1 | 2.0 | 2.1 | 2.2 | 2.3 | 2.1 | 2.1 | 2.2 |” — Table, Personal Consumption Expenditures row, 2027 annual column · source ↗2026-09-112.2
CBO2027 full year“2027,real_pce_pct_change,1.662,projected” — economic_projections/calendar_2026-02.csv, real_pce_pct_change · source ↗2026-02-011.662
CBO2027 full year“2027,real_pce_pct_change,1.56,projected” — economic_projections/calendar_2025-09.csv, real_pce_pct_change · source ↗2025-09-011.56
CBO2027 full year“2027,real_pce_pct_change,1.484,projected” — economic_projections/calendar_2025-01.csv, real_pce_pct_change · source ↗2025-01-011.484
CBO2027 full year“2027,real_pce_pct_change,1.445,projected” — economic_projections/calendar_2024-06.csv, real_pce_pct_change · source ↗2024-06-011.445
CBO2027 full year“2027,real_pce_pct_change,1.867,projected” — economic_projections/calendar_2024-02.csv, real_pce_pct_change · source ↗2024-02-011.867
Readout
Consensus
1.75%
Spread
+0.80%
Low
1.40%
High
2.20%
Reporting
3
Basis
Annual growth

2026 full year · Annual growth

3 institutions
Forecasts by report dateUnited States
1.27%2.00%2.10%CONSENSUSFEB 24MAY 25SEPT 26Deloitte · 2% · 2026-09-29Fannie Mae · 2.1 · 2026-09-11CBO · 1.892 · 2026-02-01CBO · 1.407 · 2025-09-01CBO · 1.558 · 2025-01-01CBO · 1.27 · 2024-06-01CBO · 1.665 · 2024-02-01CBO 1.665

EmphasisedOther institutionsConsensus

InstitutionPeriodReportedForecast
Deloitte2026 full year“We now expect real consumer spending to grow by 2% this year before decelerating to 1.4% next year.” — Consumer spending section · source ↗2026-09-292%
Fannie Mae2026 full year“| Personal Consumption Expenditures (PCE) | 0.6 | 2.5 | 3.5 | 1.9 | 0.5 | 3.4 | 2.3 | 2.1 | 2.0 | 2.1 | 2.2 | 2.3 | 2.1 | 2.1 | 2.2 |” — Table, Personal Consumption Expenditures row, 2026 annual column · source ↗2026-09-112.1
CBO2026 full year“2026,real_pce_pct_change,1.892,projected” — economic_projections/calendar_2026-02.csv, real_pce_pct_change · source ↗2026-02-011.892
CBO2026 full year“2026,real_pce_pct_change,1.407,projected” — economic_projections/calendar_2025-09.csv, real_pce_pct_change · source ↗2025-09-011.407
CBO2026 full year“2026,real_pce_pct_change,1.558,projected” — economic_projections/calendar_2025-01.csv, real_pce_pct_change · source ↗2025-01-011.558
CBO2026 full year“2026,real_pce_pct_change,1.27,projected” — economic_projections/calendar_2024-06.csv, real_pce_pct_change · source ↗2024-06-011.27
CBO2026 full year“2026,real_pce_pct_change,1.665,projected” — economic_projections/calendar_2024-02.csv, real_pce_pct_change · source ↗2024-02-011.665
Readout
Consensus
2.00%
Spread
+0.21%
Low
1.89%
High
2.10%
Reporting
3
Basis
Annual growth

2027 Q4 · Quarterly SAAR

2 institutions
Forecasts by report dateUnited States
1.48%1.94%2.30%CONSENSUSFEB 24MAY 25SEPT 26Fannie Mae · 2.3 · 2026-09-11CBO · 1.582 · 2026-02-01CBO · 1.476 · 2025-09-01CBO · 1.528 · 2025-01-01CBO · 1.545 · 2024-06-01CBO · 2.103 · 2024-02-01CBO 2.103

EmphasisedOther institutionsConsensus

InstitutionPeriodReportedForecast
Fannie Mae2027 Q4“| Personal Consumption Expenditures (PCE) | 0.6 | 2.5 | 3.5 | 1.9 | 0.5 | 3.4 | 2.3 | 2.1 | 2.0 | 2.1 | 2.2 | 2.3 | 2.1 | 2.1 | 2.2 |” — Table, Personal Consumption Expenditures row, 2027 Q4 column · source ↗2026-09-112.3
CBO2027 Q4“2027q4,real_pce_pct_change,1.582,projected” — economic_projections/quarterly_2026-02.csv, real_pce_pct_change · source ↗2026-02-011.582
CBO2027 Q4“2027q4,real_pce_pct_change,1.476,projected” — economic_projections/quarterly_2025-09.csv, real_pce_pct_change · source ↗2025-09-011.476
CBO2027 Q4“2027q4,real_pce_pct_change,1.528,projected” — economic_projections/quarterly_2025-01.csv, real_pce_pct_change · source ↗2025-01-011.528
CBO2027 Q4“2027q4,real_pce_pct_change,1.545,projected” — economic_projections/quarterly_2024-06.csv, real_pce_pct_change · source ↗2024-06-011.545
CBO2027 Q4“2027q4,real_pce_pct_change,2.103,projected” — economic_projections/quarterly_2024-02.csv, real_pce_pct_change · source ↗2024-02-012.103
Readout
Consensus
1.94%
Spread
+0.72%
Low
1.58%
High
2.30%
Reporting
2
Basis
Quarterly SAAR

2027 Q2 · Quarterly SAAR

2 institutions
Forecasts by report dateUnited States
1.32%1.75%2.10%CONSENSUSFEB 24MAY 25SEPT 26Fannie Mae · 2.1 · 2026-09-11CBO · 1.399 · 2026-02-01CBO · 1.399 · 2025-09-01CBO · 1.325 · 2025-01-01CBO · 1.458 · 2024-06-01CBO · 1.903 · 2024-02-01CBO 1.903

EmphasisedOther institutionsConsensus

InstitutionPeriodReportedForecast
Fannie Mae2027 Q2“| Personal Consumption Expenditures (PCE) | 0.6 | 2.5 | 3.5 | 1.9 | 0.5 | 3.4 | 2.3 | 2.1 | 2.0 | 2.1 | 2.2 | 2.3 | 2.1 | 2.1 | 2.2 |” — Table, Personal Consumption Expenditures row, 2027 Q2 column · source ↗2026-09-112.1
CBO2027 Q2“2027q2,real_pce_pct_change,1.399,projected” — economic_projections/quarterly_2026-02.csv, real_pce_pct_change · source ↗2026-02-011.399
CBO2027 Q2“2027q2,real_pce_pct_change,1.399,projected” — economic_projections/quarterly_2025-09.csv, real_pce_pct_change · source ↗2025-09-011.399
CBO2027 Q2“2027q2,real_pce_pct_change,1.325,projected” — economic_projections/quarterly_2025-01.csv, real_pce_pct_change · source ↗2025-01-011.325
CBO2027 Q2“2027q2,real_pce_pct_change,1.458,projected” — economic_projections/quarterly_2024-06.csv, real_pce_pct_change · source ↗2024-06-011.458
CBO2027 Q2“2027q2,real_pce_pct_change,1.903,projected” — economic_projections/quarterly_2024-02.csv, real_pce_pct_change · source ↗2024-02-011.903
Readout
Consensus
1.75%
Spread
+0.70%
Low
1.40%
High
2.10%
Reporting
2
Basis
Quarterly SAAR

2027 Q3 · Quarterly SAAR

2 institutions
Forecasts by report dateUnited States
1.31%1.91%2.20%CONSENSUSFEB 24MAY 25SEPT 26Fannie Mae · 2.2 · 2026-09-11CBO · 1.614 · 2026-02-01CBO · 1.393 · 2025-09-01CBO · 1.313 · 2025-01-01CBO · 1.494 · 2024-06-01CBO · 2.055 · 2024-02-01CBO 2.055

EmphasisedOther institutionsConsensus

InstitutionPeriodReportedForecast
Fannie Mae2027 Q3“| Personal Consumption Expenditures (PCE) | 0.6 | 2.5 | 3.5 | 1.9 | 0.5 | 3.4 | 2.3 | 2.1 | 2.0 | 2.1 | 2.2 | 2.3 | 2.1 | 2.1 | 2.2 |” — Table, Personal Consumption Expenditures row, 2027 Q3 column · source ↗2026-09-112.2
CBO2027 Q3“2027q3,real_pce_pct_change,1.614,projected” — economic_projections/quarterly_2026-02.csv, real_pce_pct_change · source ↗2026-02-011.614
CBO2027 Q3“2027q3,real_pce_pct_change,1.393,projected” — economic_projections/quarterly_2025-09.csv, real_pce_pct_change · source ↗2025-09-011.393
CBO2027 Q3“2027q3,real_pce_pct_change,1.313,projected” — economic_projections/quarterly_2025-01.csv, real_pce_pct_change · source ↗2025-01-011.313
CBO2027 Q3“2027q3,real_pce_pct_change,1.494,projected” — economic_projections/quarterly_2024-06.csv, real_pce_pct_change · source ↗2024-06-011.494
CBO2027 Q3“2027q3,real_pce_pct_change,2.055,projected” — economic_projections/quarterly_2024-02.csv, real_pce_pct_change · source ↗2024-02-012.055
Readout
Consensus
1.91%
Spread
+0.59%
Low
1.61%
High
2.20%
Reporting
2
Basis
Quarterly SAAR

2027 Q1 · Quarterly SAAR

2 institutions
Forecasts by report dateUnited States
1.40%1.76%2.00%CONSENSUSFEB 24MAY 25SEPT 26Fannie Mae · 2.0 · 2026-09-11CBO · 1.523 · 2026-02-01CBO · 1.512 · 2025-09-01CBO · 1.754 · 2025-01-01CBO · 1.404 · 2024-06-01CBO · 1.953 · 2024-02-01CBO 1.953

EmphasisedOther institutionsConsensus

InstitutionPeriodReportedForecast
Fannie Mae2027 Q1“| Personal Consumption Expenditures (PCE) | 0.6 | 2.5 | 3.5 | 1.9 | 0.5 | 3.4 | 2.3 | 2.1 | 2.0 | 2.1 | 2.2 | 2.3 | 2.1 | 2.1 | 2.2 |” — Table, Personal Consumption Expenditures row, 2027 Q1 column · source ↗2026-09-112.0
CBO2027 Q1“2027q1,real_pce_pct_change,1.523,projected” — economic_projections/quarterly_2026-02.csv, real_pce_pct_change · source ↗2026-02-011.523
CBO2027 Q1“2027q1,real_pce_pct_change,1.512,projected” — economic_projections/quarterly_2025-09.csv, real_pce_pct_change · source ↗2025-09-011.512
CBO2027 Q1“2027q1,real_pce_pct_change,1.754,projected” — economic_projections/quarterly_2025-01.csv, real_pce_pct_change · source ↗2025-01-011.754
CBO2027 Q1“2027q1,real_pce_pct_change,1.404,projected” — economic_projections/quarterly_2024-06.csv, real_pce_pct_change · source ↗2024-06-011.404
CBO2027 Q1“2027q1,real_pce_pct_change,1.953,projected” — economic_projections/quarterly_2024-02.csv, real_pce_pct_change · source ↗2024-02-011.953
Readout
Consensus
1.76%
Spread
+0.48%
Low
1.52%
High
2.00%
Reporting
2
Basis
Quarterly SAAR

2026 Q3 · Quarterly SAAR

2 institutions
Forecasts by report dateUnited States
1.16%2.11%2.30%CONSENSUSFEB 24MAY 25SEPT 26Fannie Mae · 2.3 · 2026-09-11CBO · 1.928 · 2026-02-01CBO · 1.855 · 2025-09-01CBO · 1.158 · 2025-01-01CBO · 1.387 · 2024-06-01CBO · 1.628 · 2024-02-01CBO 1.628

EmphasisedOther institutionsConsensus

InstitutionPeriodReportedForecast
Fannie Mae2026 Q3“| Personal Consumption Expenditures (PCE) | 0.6 | 2.5 | 3.5 | 1.9 | 0.5 | 3.4 | 2.3 | 2.1 | 2.0 | 2.1 | 2.2 | 2.3 | 2.1 | 2.1 | 2.2 |” — Table, Personal Consumption Expenditures row, 2026 Q3 column · source ↗2026-09-112.3
CBO2026 Q3“2026q3,real_pce_pct_change,1.928,projected” — economic_projections/quarterly_2026-02.csv, real_pce_pct_change · source ↗2026-02-011.928
CBO2026 Q3“2026q3,real_pce_pct_change,1.855,projected” — economic_projections/quarterly_2025-09.csv, real_pce_pct_change · source ↗2025-09-011.855
CBO2026 Q3“2026q3,real_pce_pct_change,1.158,projected” — economic_projections/quarterly_2025-01.csv, real_pce_pct_change · source ↗2025-01-011.158
CBO2026 Q3“2026q3,real_pce_pct_change,1.387,projected” — economic_projections/quarterly_2024-06.csv, real_pce_pct_change · source ↗2024-06-011.387
CBO2026 Q3“2026q3,real_pce_pct_change,1.628,projected” — economic_projections/quarterly_2024-02.csv, real_pce_pct_change · source ↗2024-02-011.628
Readout
Consensus
2.11%
Spread
+0.37%
Low
1.93%
High
2.30%
Reporting
2
Basis
Quarterly SAAR

2023 Q4 · Quarterly SAAR

1 institution
Single reported figureUnited States
InstitutionPeriodReportedForecast
CBO2023 Q4“2023q4,real_pce_pct_change,2.039,projected” — economic_projections/quarterly_2024-02.csv, real_pce_pct_change · source ↗2024-02-012.039
Readout
Low
2.04%
High
2.04%
Reporting
1
Basis
Quarterly SAAR

One institution reporting — no consensus is claimed.

2023 full year · Annual growth

1 institution
Single reported figureUnited States
InstitutionPeriodReportedForecast
CBO2023 full year“2023,real_pce_pct_change,2.204,projected” — economic_projections/calendar_2024-02.csv, real_pce_pct_change · source ↗2024-02-012.204
Readout
Low
2.20%
High
2.20%
Reporting
1
Basis
Annual growth

One institution reporting — no consensus is claimed.

2024 Q1 · Quarterly SAAR

1 institution
Single reported figureUnited States
InstitutionPeriodReportedForecast
CBO2024 Q1“2024q1,real_pce_pct_change,1.131,projected” — economic_projections/quarterly_2024-02.csv, real_pce_pct_change · source ↗2024-02-011.131
Readout
Low
1.13%
High
1.13%
Reporting
1
Basis
Quarterly SAAR

One institution reporting — no consensus is claimed.

2024 Q2 · Quarterly SAAR

1 institution
Forecasts by report dateUnited States
1.08%3.44%CONSENSUSFEB 24APR 24JUN 24CBO · 3.444 · 2024-06-01CBO · 1.079 · 2024-02-01CBO 1.079

EmphasisedOther institutionsConsensus

InstitutionPeriodReportedForecast
CBO2024 Q2“2024q2,real_pce_pct_change,3.444,projected” — economic_projections/quarterly_2024-06.csv, real_pce_pct_change · source ↗2024-06-013.444
CBO2024 Q2“2024q2,real_pce_pct_change,1.079,projected” — economic_projections/quarterly_2024-02.csv, real_pce_pct_change · source ↗2024-02-011.079
Readout
Low
3.44%
High
3.44%
Reporting
1
Basis
Quarterly SAAR

One institution reporting — no consensus is claimed.

2024 Q3 · Quarterly SAAR

1 institution
Forecasts by report dateUnited States
1.40%2.56%CONSENSUSFEB 24APR 24JUN 24CBO · 2.563 · 2024-06-01CBO · 1.4 · 2024-02-01CBO 1.4

EmphasisedOther institutionsConsensus

InstitutionPeriodReportedForecast
CBO2024 Q3“2024q3,real_pce_pct_change,2.563,projected” — economic_projections/quarterly_2024-06.csv, real_pce_pct_change · source ↗2024-06-012.563
CBO2024 Q3“2024q3,real_pce_pct_change,1.4,projected” — economic_projections/quarterly_2024-02.csv, real_pce_pct_change · source ↗2024-02-011.4
Readout
Low
2.56%
High
2.56%
Reporting
1
Basis
Quarterly SAAR

One institution reporting — no consensus is claimed.

2024 Q4 · Quarterly SAAR

1 institution
Forecasts by report dateUnited States
1.46%2.75%CONSENSUSFEB 24JUL 24JAN 25CBO · 2.752 · 2025-01-01CBO · 1.455 · 2024-06-01CBO · 1.538 · 2024-02-01CBO 1.538

EmphasisedOther institutionsConsensus

InstitutionPeriodReportedForecast
CBO2024 Q4“2024q4,real_pce_pct_change,2.752,projected” — economic_projections/quarterly_2025-01.csv, real_pce_pct_change · source ↗2025-01-012.752
CBO2024 Q4“2024q4,real_pce_pct_change,1.455,projected” — economic_projections/quarterly_2024-06.csv, real_pce_pct_change · source ↗2024-06-011.455
CBO2024 Q4“2024q4,real_pce_pct_change,1.538,projected” — economic_projections/quarterly_2024-02.csv, real_pce_pct_change · source ↗2024-02-011.538
Readout
Low
2.75%
High
2.75%
Reporting
1
Basis
Quarterly SAAR

One institution reporting — no consensus is claimed.

2024 full year · Annual growth

1 institution
Forecasts by report dateUnited States
1.63%2.66%2.73%CONSENSUSFEB 24JUL 24JAN 25CBO · 2.656 · 2025-01-01CBO · 2.735 · 2024-06-01CBO · 1.633 · 2024-02-01CBO 1.633

EmphasisedOther institutionsConsensus

InstitutionPeriodReportedForecast
CBO2024 full year“2024,real_pce_pct_change,2.656,projected” — economic_projections/calendar_2025-01.csv, real_pce_pct_change · source ↗2025-01-012.656
CBO2024 full year“2024,real_pce_pct_change,2.735,projected” — economic_projections/calendar_2024-06.csv, real_pce_pct_change · source ↗2024-06-012.735
CBO2024 full year“2024,real_pce_pct_change,1.633,projected” — economic_projections/calendar_2024-02.csv, real_pce_pct_change · source ↗2024-02-011.633
Readout
Low
2.66%
High
2.66%
Reporting
1
Basis
Annual growth

One institution reporting — no consensus is claimed.

2025 Q1 · Quarterly SAAR

1 institution
Forecasts by report dateUnited States
1.59%2.02%CONSENSUSFEB 24JUL 24JAN 25CBO · 2.025 · 2025-01-01CBO · 1.589 · 2024-06-01CBO · 1.917 · 2024-02-01CBO 1.917

EmphasisedOther institutionsConsensus

InstitutionPeriodReportedForecast
CBO2025 Q1“2025q1,real_pce_pct_change,2.025,projected” — economic_projections/quarterly_2025-01.csv, real_pce_pct_change · source ↗2025-01-012.025
CBO2025 Q1“2025q1,real_pce_pct_change,1.589,projected” — economic_projections/quarterly_2024-06.csv, real_pce_pct_change · source ↗2024-06-011.589
CBO2025 Q1“2025q1,real_pce_pct_change,1.917,projected” — economic_projections/quarterly_2024-02.csv, real_pce_pct_change · source ↗2024-02-011.917
Readout
Low
2.02%
High
2.02%
Reporting
1
Basis
Quarterly SAAR

One institution reporting — no consensus is claimed.

2025 Q2 · Quarterly SAAR

1 institution
Forecasts by report dateUnited States
1.59%2.57%CONSENSUSFEB 24JUL 24JAN 25CBO · 2.566 · 2025-01-01CBO · 1.586 · 2024-06-01CBO · 1.834 · 2024-02-01CBO 1.834

EmphasisedOther institutionsConsensus

InstitutionPeriodReportedForecast
CBO2025 Q2“2025q2,real_pce_pct_change,2.566,projected” — economic_projections/quarterly_2025-01.csv, real_pce_pct_change · source ↗2025-01-012.566
CBO2025 Q2“2025q2,real_pce_pct_change,1.586,projected” — economic_projections/quarterly_2024-06.csv, real_pce_pct_change · source ↗2024-06-011.586
CBO2025 Q2“2025q2,real_pce_pct_change,1.834,projected” — economic_projections/quarterly_2024-02.csv, real_pce_pct_change · source ↗2024-02-011.834
Readout
Low
2.57%
High
2.57%
Reporting
1
Basis
Quarterly SAAR

One institution reporting — no consensus is claimed.

2025 Q3 · Quarterly SAAR

1 institution
Forecasts by report dateUnited States
1.25%2.98%CONSENSUSFEB 24JAN 25FEB 26CBO · 2.975 · 2026-02-01CBO · 1.254 · 2025-09-01CBO · 1.797 · 2025-01-01CBO · 1.46 · 2024-06-01CBO · 1.814 · 2024-02-01CBO 1.814

EmphasisedOther institutionsConsensus

InstitutionPeriodReportedForecast
CBO2025 Q3“2025q3,real_pce_pct_change,2.975,projected” — economic_projections/quarterly_2026-02.csv, real_pce_pct_change · source ↗2026-02-012.975
CBO2025 Q3“2025q3,real_pce_pct_change,1.254,projected” — economic_projections/quarterly_2025-09.csv, real_pce_pct_change · source ↗2025-09-011.254
CBO2025 Q3“2025q3,real_pce_pct_change,1.797,projected” — economic_projections/quarterly_2025-01.csv, real_pce_pct_change · source ↗2025-01-011.797
CBO2025 Q3“2025q3,real_pce_pct_change,1.46,projected” — economic_projections/quarterly_2024-06.csv, real_pce_pct_change · source ↗2024-06-011.46
CBO2025 Q3“2025q3,real_pce_pct_change,1.814,projected” — economic_projections/quarterly_2024-02.csv, real_pce_pct_change · source ↗2024-02-011.814
Readout
Low
2.98%
High
2.98%
Reporting
1
Basis
Quarterly SAAR

One institution reporting — no consensus is claimed.

2025 Q4 · Quarterly SAAR

1 institution
Forecasts by report dateUnited States
0.68%1.30%1.90%CONSENSUSFEB 24JAN 25FEB 26CBO · 1.298 · 2026-02-01CBO · 0.684 · 2025-09-01CBO · 1.605 · 2025-01-01CBO · 1.376 · 2024-06-01CBO · 1.901 · 2024-02-01CBO 1.901

EmphasisedOther institutionsConsensus

InstitutionPeriodReportedForecast
CBO2025 Q4“2025q4,real_pce_pct_change,1.298,projected” — economic_projections/quarterly_2026-02.csv, real_pce_pct_change · source ↗2026-02-011.298
CBO2025 Q4“2025q4,real_pce_pct_change,0.684,projected” — economic_projections/quarterly_2025-09.csv, real_pce_pct_change · source ↗2025-09-010.684
CBO2025 Q4“2025q4,real_pce_pct_change,1.605,projected” — economic_projections/quarterly_2025-01.csv, real_pce_pct_change · source ↗2025-01-011.605
CBO2025 Q4“2025q4,real_pce_pct_change,1.376,projected” — economic_projections/quarterly_2024-06.csv, real_pce_pct_change · source ↗2024-06-011.376
CBO2025 Q4“2025q4,real_pce_pct_change,1.901,projected” — economic_projections/quarterly_2024-02.csv, real_pce_pct_change · source ↗2024-02-011.901
Readout
Low
1.30%
High
1.30%
Reporting
1
Basis
Quarterly SAAR

One institution reporting — no consensus is claimed.

2025 full year · Annual growth

1 institution
Forecasts by report dateUnited States
1.70%2.52%CONSENSUSFEB 24JAN 25FEB 26CBO · 2.524 · 2026-02-01CBO · 1.989 · 2025-09-01CBO · 2.442 · 2025-01-01CBO · 1.768 · 2024-06-01CBO · 1.7 · 2024-02-01CBO 1.7

EmphasisedOther institutionsConsensus

InstitutionPeriodReportedForecast
CBO2025 full year“2025,real_pce_pct_change,2.524,projected” — economic_projections/calendar_2026-02.csv, real_pce_pct_change · source ↗2026-02-012.524
CBO2025 full year“2025,real_pce_pct_change,1.989,projected” — economic_projections/calendar_2025-09.csv, real_pce_pct_change · source ↗2025-09-011.989
CBO2025 full year“2025,real_pce_pct_change,2.442,projected” — economic_projections/calendar_2025-01.csv, real_pce_pct_change · source ↗2025-01-012.442
CBO2025 full year“2025,real_pce_pct_change,1.768,projected” — economic_projections/calendar_2024-06.csv, real_pce_pct_change · source ↗2024-06-011.768
CBO2025 full year“2025,real_pce_pct_change,1.7,projected” — economic_projections/calendar_2024-02.csv, real_pce_pct_change · source ↗2024-02-011.7
Readout
Low
2.52%
High
2.52%
Reporting
1
Basis
Annual growth

One institution reporting — no consensus is claimed.

2026 Q1 · Quarterly SAAR

1 institution
Forecasts by report dateUnited States
0.94%1.39%1.40%CONSENSUSFEB 24JAN 25FEB 26CBO · 1.391 · 2026-02-01CBO · 1.244 · 2025-09-01CBO · 1.293 · 2025-01-01CBO · 0.94 · 2024-06-01CBO · 1.404 · 2024-02-01CBO 1.404

EmphasisedOther institutionsConsensus

InstitutionPeriodReportedForecast
CBO2026 Q1“2026q1,real_pce_pct_change,1.391,projected” — economic_projections/quarterly_2026-02.csv, real_pce_pct_change · source ↗2026-02-011.391
CBO2026 Q1“2026q1,real_pce_pct_change,1.244,projected” — economic_projections/quarterly_2025-09.csv, real_pce_pct_change · source ↗2025-09-011.244
CBO2026 Q1“2026q1,real_pce_pct_change,1.293,projected” — economic_projections/quarterly_2025-01.csv, real_pce_pct_change · source ↗2025-01-011.293
CBO2026 Q1“2026q1,real_pce_pct_change,0.94,projected” — economic_projections/quarterly_2024-06.csv, real_pce_pct_change · source ↗2024-06-010.94
CBO2026 Q1“2026q1,real_pce_pct_change,1.404,projected” — economic_projections/quarterly_2024-02.csv, real_pce_pct_change · source ↗2024-02-011.404
Readout
Low
1.39%
High
1.39%
Reporting
1
Basis
Quarterly SAAR

One institution reporting — no consensus is claimed.

2026 Q2 · Quarterly SAAR

1 institution
Forecasts by report dateUnited States
1.21%2.26%CONSENSUSFEB 24JAN 25FEB 26CBO · 2.261 · 2026-02-01CBO · 2.041 · 2025-09-01CBO · 1.648 · 2025-01-01CBO · 1.206 · 2024-06-01CBO · 1.621 · 2024-02-01CBO 1.621

EmphasisedOther institutionsConsensus

InstitutionPeriodReportedForecast
CBO2026 Q2“2026q2,real_pce_pct_change,2.261,projected” — economic_projections/quarterly_2026-02.csv, real_pce_pct_change · source ↗2026-02-012.261
CBO2026 Q2“2026q2,real_pce_pct_change,2.041,projected” — economic_projections/quarterly_2025-09.csv, real_pce_pct_change · source ↗2025-09-012.041
CBO2026 Q2“2026q2,real_pce_pct_change,1.648,projected” — economic_projections/quarterly_2025-01.csv, real_pce_pct_change · source ↗2025-01-011.648
CBO2026 Q2“2026q2,real_pce_pct_change,1.206,projected” — economic_projections/quarterly_2024-06.csv, real_pce_pct_change · source ↗2024-06-011.206
CBO2026 Q2“2026q2,real_pce_pct_change,1.621,projected” — economic_projections/quarterly_2024-02.csv, real_pce_pct_change · source ↗2024-02-011.621
Readout
Low
2.26%
High
2.26%
Reporting
1
Basis
Quarterly SAAR

One institution reporting — no consensus is claimed.

2026 Q4 · Q4/Q4

1 institution
Single reported figureUnited States
InstitutionPeriodReportedForecast
Fannie Mae2026 Q4“| Personal Consumption Expenditures (PCE) | 0.6 | 2.5 | 3.5 | 1.9 | 0.5 | 3.2 | 2.3 | 2.1 | 2.2 | 2.3 | 2.3 | 2.2 | 2.1 | 2.0 | 2.3 |” — Forecast table, Personal Consumption Expenditures (PCE), 2026 annual column · source ↗2026-08-132.0
Readout
Low
2.00%
High
2.00%
Reporting
1
Basis
Q4/Q4

One institution reporting — no consensus is claimed.

2027 Q4 · Q4/Q4

1 institution
Single reported figureUnited States
InstitutionPeriodReportedForecast
Fannie Mae2027 Q4“| Personal Consumption Expenditures (PCE) | 0.6 | 2.5 | 3.5 | 1.9 | 0.5 | 3.2 | 2.3 | 2.1 | 2.2 | 2.3 | 2.3 | 2.2 | 2.1 | 2.0 | 2.3 |” — Forecast table, Personal Consumption Expenditures (PCE), 2027 annual column · source ↗2026-08-132.3
Readout
Low
2.30%
High
2.30%
Reporting
1
Basis
Q4/Q4

One institution reporting — no consensus is claimed.

2028 Q1 · Quarterly SAAR

1 institution
Forecasts by report dateUnited States
1.68%1.71%1.80%CONSENSUSJAN 25JUL 25FEB 26CBO · 1.712 · 2026-02-01CBO · 1.797 · 2025-09-01CBO · 1.682 · 2025-01-01CBO 1.682

EmphasisedOther institutionsConsensus

InstitutionPeriodReportedForecast
CBO2028 Q1“2028q1,real_pce_pct_change,1.712,projected” — economic_projections/quarterly_2026-02.csv, real_pce_pct_change · source ↗2026-02-011.712
CBO2028 Q1“2028q1,real_pce_pct_change,1.797,projected” — economic_projections/quarterly_2025-09.csv, real_pce_pct_change · source ↗2025-09-011.797
CBO2028 Q1“2028q1,real_pce_pct_change,1.682,projected” — economic_projections/quarterly_2025-01.csv, real_pce_pct_change · source ↗2025-01-011.682
Readout
Low
1.71%
High
1.71%
Reporting
1
Basis
Quarterly SAAR

One institution reporting — no consensus is claimed.

2028 Q2 · Quarterly SAAR

1 institution
Forecasts by report dateUnited States
1.54%1.61%1.61%CONSENSUSJAN 25JUL 25FEB 26CBO · 1.607 · 2026-02-01CBO · 1.541 · 2025-09-01CBO · 1.609 · 2025-01-01CBO 1.609

EmphasisedOther institutionsConsensus

InstitutionPeriodReportedForecast
CBO2028 Q2“2028q2,real_pce_pct_change,1.607,projected” — economic_projections/quarterly_2026-02.csv, real_pce_pct_change · source ↗2026-02-011.607
CBO2028 Q2“2028q2,real_pce_pct_change,1.541,projected” — economic_projections/quarterly_2025-09.csv, real_pce_pct_change · source ↗2025-09-011.541
CBO2028 Q2“2028q2,real_pce_pct_change,1.609,projected” — economic_projections/quarterly_2025-01.csv, real_pce_pct_change · source ↗2025-01-011.609
Readout
Low
1.61%
High
1.61%
Reporting
1
Basis
Quarterly SAAR

One institution reporting — no consensus is claimed.

2028 Q3 · Quarterly SAAR

1 institution
Forecasts by report dateUnited States
1.54%1.60%1.77%CONSENSUSJAN 25JUL 25FEB 26CBO · 1.602 · 2026-02-01CBO · 1.543 · 2025-09-01CBO · 1.773 · 2025-01-01CBO 1.773

EmphasisedOther institutionsConsensus

InstitutionPeriodReportedForecast
CBO2028 Q3“2028q3,real_pce_pct_change,1.602,projected” — economic_projections/quarterly_2026-02.csv, real_pce_pct_change · source ↗2026-02-011.602
CBO2028 Q3“2028q3,real_pce_pct_change,1.543,projected” — economic_projections/quarterly_2025-09.csv, real_pce_pct_change · source ↗2025-09-011.543
CBO2028 Q3“2028q3,real_pce_pct_change,1.773,projected” — economic_projections/quarterly_2025-01.csv, real_pce_pct_change · source ↗2025-01-011.773
Readout
Low
1.60%
High
1.60%
Reporting
1
Basis
Quarterly SAAR

One institution reporting — no consensus is claimed.

2028 Q4 · Quarterly SAAR

1 institution
Forecasts by report dateUnited States
1.34%1.57%1.81%CONSENSUSJAN 25JUL 25FEB 26CBO · 1.566 · 2026-02-01CBO · 1.341 · 2025-09-01CBO · 1.814 · 2025-01-01CBO 1.814

EmphasisedOther institutionsConsensus

InstitutionPeriodReportedForecast
CBO2028 Q4“2028q4,real_pce_pct_change,1.566,projected” — economic_projections/quarterly_2026-02.csv, real_pce_pct_change · source ↗2026-02-011.566
CBO2028 Q4“2028q4,real_pce_pct_change,1.341,projected” — economic_projections/quarterly_2025-09.csv, real_pce_pct_change · source ↗2025-09-011.341
CBO2028 Q4“2028q4,real_pce_pct_change,1.814,projected” — economic_projections/quarterly_2025-01.csv, real_pce_pct_change · source ↗2025-01-011.814
Readout
Low
1.57%
High
1.57%
Reporting
1
Basis
Quarterly SAAR

One institution reporting — no consensus is claimed.

2028 full year · Annual growth

1 institution
Forecasts by report dateUnited States
1.55%1.61%CONSENSUSJAN 25JUL 25FEB 26CBO · 1.613 · 2026-02-01CBO · 1.553 · 2025-09-01CBO · 1.591 · 2025-01-01CBO 1.591

EmphasisedOther institutionsConsensus

InstitutionPeriodReportedForecast
CBO2028 full year“2028,real_pce_pct_change,1.613,projected” — economic_projections/calendar_2026-02.csv, real_pce_pct_change · source ↗2026-02-011.613
CBO2028 full year“2028,real_pce_pct_change,1.553,projected” — economic_projections/calendar_2025-09.csv, real_pce_pct_change · source ↗2025-09-011.553
CBO2028 full year“2028,real_pce_pct_change,1.591,projected” — economic_projections/calendar_2025-01.csv, real_pce_pct_change · source ↗2025-01-011.591
Readout
Low
1.61%
High
1.61%
Reporting
1
Basis
Annual growth

One institution reporting — no consensus is claimed.

2029 Q1 · Quarterly SAAR

1 institution
Single reported figureUnited States
InstitutionPeriodReportedForecast
CBO2029 Q1“2029q1,real_pce_pct_change,1.722,projected” — economic_projections/quarterly_2026-02.csv, real_pce_pct_change · source ↗2026-02-011.722
Readout
Low
1.72%
High
1.72%
Reporting
1
Basis
Quarterly SAAR

One institution reporting — no consensus is claimed.

2029 Q2 · Quarterly SAAR

1 institution
Single reported figureUnited States
InstitutionPeriodReportedForecast
CBO2029 Q2“2029q2,real_pce_pct_change,1.784,projected” — economic_projections/quarterly_2026-02.csv, real_pce_pct_change · source ↗2026-02-011.784
Readout
Low
1.78%
High
1.78%
Reporting
1
Basis
Quarterly SAAR

One institution reporting — no consensus is claimed.

2029 Q3 · Quarterly SAAR

1 institution
Single reported figureUnited States
InstitutionPeriodReportedForecast
CBO2029 Q3“2029q3,real_pce_pct_change,1.851,projected” — economic_projections/quarterly_2026-02.csv, real_pce_pct_change · source ↗2026-02-011.851
Readout
Low
1.85%
High
1.85%
Reporting
1
Basis
Quarterly SAAR

One institution reporting — no consensus is claimed.

2029 Q4 · Quarterly SAAR

1 institution
Single reported figureUnited States
InstitutionPeriodReportedForecast
CBO2029 Q4“2029q4,real_pce_pct_change,1.892,projected” — economic_projections/quarterly_2026-02.csv, real_pce_pct_change · source ↗2026-02-011.892
Readout
Low
1.89%
High
1.89%
Reporting
1
Basis
Quarterly SAAR

One institution reporting — no consensus is claimed.

2029 full year · Annual growth

1 institution
Single reported figureUnited States
InstitutionPeriodReportedForecast
CBO2029 full year“2029,real_pce_pct_change,1.709,projected” — economic_projections/calendar_2026-02.csv, real_pce_pct_change · source ↗2026-02-011.709
Readout
Low
1.71%
High
1.71%
Reporting
1
Basis
Annual growth

One institution reporting — no consensus is claimed.

2030 full year · Annual growth

1 institution
Single reported figureUnited States
InstitutionPeriodReportedForecast
Deloitte2030 full year“By 2031, real consumer spending is expected to grow by 2.1%.” — Consumer spending section · source ↗2026-09-292.1%
Readout
Low
2.10%
High
2.10%
Reporting
1
Basis
Annual growth

One institution reporting — no consensus is claimed.