FX.co ★ U.S. Personal Spending Growth Cools Slightly in July, Signaling Softer Consumer Momentum

U.S. personal spending growth eased in July 2026, with month-over-month gains slowing to 0.2%, down from 0.3% in June 2026. The data, updated on 26 August 2026, point to a modest deceleration in consumer outlays, a key engine of U.S. economic activity.

On a month-over-month basis, the July figure reflects a weaker pace of growth compared with June, when spending had increased 0.3% versus May. The softening suggests that while consumers continue to spend, the momentum is cooling slightly heading into the second half of the year.

Markets and policymakers often watch personal spending closely for signs of shifts in household confidence and demand. The latest reading will likely feed into assessments of how resilient U.S. consumption remains after earlier strength, as well as its implications for broader economic growth.