We spent less on these categories of goods and services in the U.S. economy in September 2023

These are the personal consumption categories in the U.S. economy that we are spent less on in September 2023.

The U.S. economy grew by $59.3 billion (annualized rate) in September vs. August, which is an annualized growth of 0.38% from August personal consumption expenditures of $15.48 trillion. When we did this analysis before, very few categories were showing declines, but in September it seems the U.S. consumer, and foreigners visiting the United States are making choices to consume less.

Starting with goods, consumers spent more overall, but spent less on the following:

Category / Annualized U.S. Dollar Growth

New domestic light trucks (850M)

Carpets and other floor coverings (171M)

Glassware, tableware, and household utensils (97M)

Tools, hardware & supplies for home (379M)

Video, audio, photographic and information processing equipment and media (6,271M), of which: personal computers/tablets, peripherals, computer software and accessories declined 5,463M.

Recreational books (399M)

Educational books (14M)

Luggage and similar personal items (616M)

Meat and poultry (670M)

Fresh milk (238M)

Eggs(66M)

Processed fruits and vegetables (127M)

Other food products (261M)

Coffee, tea and other beverage materials (174M)

Beer purchased for off-premises consumption (252M)

Men’s and boys clothing (964M)

Other clothing materials, shoes and other foot-ware (non-military) (887M)

Motor vehicle fuels, lubricants and fluids (8,644M)

Fuel oil (1,151)

Flowers, seeds and potted plants (180M)

Sewing items (33M)

Stationery and miscellaneous printed materials (199M)

Net expenditures abroad by U.S. residents (37M)

Here are the categories of services where there was less consumption in September 2023 than in August 2023. Total services baseline in August 2023 was $10.11T and we saw growth of $32B, or…

US Advanced Computing Infrastructure Inc.

Jeffrey Cohen, President, US Advanced Computing Infrastructure, Inc., d.b.a. Chicago Quantum (SM).