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29.08.202512:36:47UTC+00US Personal Spending Accelerates

In July 2025, personal spending in the United States experienced a 0.5% rise from the previous month, reaching $20.802 trillion. This follows an upward revision of a 0.4% increase in June and matched market expectations. Marking the most significant growth in four months, this increase underscores the continued resilience of American consumers amid ongoing economic uncertainty and high borrowing costs. There was a notable rebound in spending on durable goods, which surged by 1.9%, contrasting with a decrease of 0.8% in June. Meanwhile, spending on services maintained a steady growth rate of 0.4%. However, consumption of nondurable goods nearly came to a halt, growing only by 0.1% compared to the previous 0.9%.

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