What is Consumer spending?
[[File:Centrum_handlowe_Blue_City_2019b.jpg|thumb|right|200px|Consumers can buy a huge range of goods and services at shopping malls.]] '''Consumer spending''', [[consumption (economics)|consumption]], or consumption [[expenditure]] is when people buy [[goods and services]]. It is the biggest part of [[aggregate demand]] in [[macroeconomics]]. There are two parts of consumer spending: [[induced consumption]] (which is changed by the level of [[income]]) and [[autonomous consumption]] (which is not). ==Data== ===United States=== In the United States, the Consumer Spending figure published by the [[Bureau of Economic Analysis]] includes three big categories of personal spending.<ref>{{Cite web |url=https://www.bea.gov/national/pdf/NIPAch5consumerspending.pdf |title=Archived copy |access-date=2019-10-03 |archive-date=2017-01-31 |archive-url=https://web.archive.org/web/20170131150718/https://www.bea.gov/national/pdf/NIPAch5consumerspending.pdf |url-status=dead }}</ref> * Durable goods: [[motor vehicle]]s and parts, [[furniture]] and durable household equipment, recreational goods and vehicles, and other durable goods. * Nondurable goods: food and drinks bought to consume in a place different from where it was bought, clothes and shoes, [[gasoline]] and other energy goods, and other nondurable goods. * Services: housing and utilities, [[healthcare]], [[transportation]] services, recreation services, food services and accommodations, financial services and [[insurance]], and other services. ==References== {{reflist}} {{Consumer behaviour}} {{stub}} [[Category:Economics]]