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Consumer Spending Is Back to Pre-Recession Level You On Here » Consumer Spending Is Back to Pre-Recession Level


From Table 8 in today's BEA report: Real personal consumer expenditures reached $9.34 trillion in the third quarter, the highest amount of quarterly spending since the slightly higher $9.342 trillion in the fourth quarter of 2007 when the recession started (see top chart).

On a percentage basis, real personal consumption expenditures grew by 2% in the third quarter compared to the same quarter last year, and this was the largest quarterly increase in consumer spending in three years going back to the third quarter of 2007 - the quarter before the recession started (see bottom chart). 

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