Personal Consumption Expenditures, Total for United States
Q06085USQ027NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
530.80
Year-over-Year Change
19.87%
Date Range
1/1/1939 - 10/1/1967
Summary
The Personal Consumption Expenditures (PCE) total for the United States measures the total value of goods and services purchased by consumers. It is a key indicator of economic activity and consumer demand.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The PCE total represents the monetary value of all final goods and services purchased by U.S. households. It is a broad measure of consumer spending and a critical component of GDP, providing insight into consumer behavior and economic trends.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis through surveys and national income accounting.
Historical Context
Policymakers and analysts closely monitor PCE to gauge consumer confidence and make informed decisions about monetary and fiscal policies.
Key Facts
- PCE accounts for approximately two-thirds of U.S. GDP.
- Consumer spending has been a key driver of economic expansion in the U.S.
- PCE data is released monthly by the Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: The Personal Consumption Expenditures (PCE) total measures the monetary value of all final goods and services purchased by U.S. households.
Q: Why is this trend relevant for users or analysts?
A: PCE is a critical indicator of consumer demand and a key component of GDP, providing valuable insights into the health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis through surveys and national income accounting.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor PCE to gauge consumer confidence and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The PCE data is released monthly by the Bureau of Economic Analysis, with a typical one-month lag between the reference period and publication.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures, Total for United States (Q06085USQ027NNBR), retrieved from FRED.