Personal Consumption Expenditures Increased 3.9 Percent

State personal consumption expenditures (PCE) increased 3.9% in 2019, a deceleration from the 4.9% increase in 2018, according to statistics released by the Bureau of Economic Analysis. The percent change in PCE across all states ranged from 5.7% in Utah to 1.8% in Vermont.

PCE by state highlights

Expenditures on housing and utilities, and on health care grew 4.3% and 4.5%, respectively, and were the leading contributors to growth nationally.

  • Expenditures on housing and utilities, and on health care contributed to PCE growth across all states and the District of Columbia.
  • Expenditures on housing and utilities increased 5.1% in Utah, the fastest growing state, and was the second leading contributor to growth. Expenditures on financial services and insurance in Utah increased 10.5% and was the leading contributor to growth.
  • Expenditures on housing and utilities, and on healthcare were the leading contributors to growth in the next three fastest growing states: Washington, Colorado, and California.

Nationally, expenditures on gasoline and other energy goods, and on motor vehicles and parts decreased 4.0% and 0.3%, respectively.

  • Expenditures on gasoline and other energy goods decreased in every state, while spending on motor vehicles and parts ranged from -2.4% in Hawaii to 2.5% in Arizona.
  • Expenditures on gasoline and other energy goods decreased -7.5% in Vermont, the slowest growing state, and was the leading contributor to slow growth.