2025.12.0515:00:00UTC+00U.S. Personal Consumption Stagnates in September 2025, Raising Concerns for Economic Forecasts

In September 2025, real personal consumption in the United States halted at a standstill, showing no growth as the indicator registered a flat 0.0% change from the previous month. This stagnation follows a modest 0.2% increase recorded in August, suggesting a cooling in consumer spending as the year progresses. The newly updated data, released on December 5, 2025, has prompted renewed scrutiny of economic forecasts and consumer confidence heading into the final quarter of the year.

The month-over-month comparison highlights a shift in consumer behavior, possibly reflecting apprehension about economic stability amidst global uncertainty. Economists had hoped for a continuation or increase in personal consumption figures, to signal robust consumer demand and contribute to economic growth. However, the current 0.0% reading puts pressure on economic forecasters, who must now reassess the U.S. economic trajectory in light of this lack of momentum.

As the economy digests this information, markets will be watching closely for any signs of consumer rebound or further stagnation in the coming months. Policymakers may also feel compelled to address the underlying factors contributing to this stagnation, considering the critical role of consumer spending in driving U.S. economic health. With the holiday season around the corner, the coming weeks will be pivotal in determining whether this stagnation persists or is merely a temporary pause.