U.S. Real Spending Excluding Energy Rebounds 1.5% in May
Real spending excluding energy rose 1.5% month-over-month in May, reversing April's 1.0% decline, and was 2.1% higher year-over-year despite energy headwinds.
Adjusted for seasonality and prices, spending excluding energy increased by 1.5% in May compared to April, according to the latest data. The rebound was driven by higher spending across both services and goods.
The gain follows a 1.0% month-over-month decline in April. On a year-over-year basis, real spending excluding energy was 2.1% higher in May 2025 than the same month last year.
The improvement occurred despite ongoing energy headwinds, though the specific impact on energy spending was not detailed.
Source: FXStreet Forex News