Real Personal Consumption Expenditures - Services
Returns real (inflation-adjusted) personal consumption expenditure on services from FRED.
What Services Include
- Housing and utilities
- Healthcare
- Transportation services
- Recreation services
- Financial services
- Food services
Data Source
Data is sourced from the Bureau of Economic Analysis via FRED.
Notes
- Largest component of PCE
- Most stable component
- Reflects service economy growth
Syntax
=RealPersonalConsumptionExpServices()Returns
number
Real PCE services in billions
Examples
Services spending
When to Use
- Service sector analysis
- Healthcare spending trends
- Housing market research
- Service economy assessment
When NOT to Use
| Scenario | Use Instead |
|---|---|
| Total consumer spending | RealPersonalConsumptionExpenditure() |
| Durable goods | RealPersonalConsumptionExpDurableGoods() |
| Nondurable goods | RealPersonalConsumptionExpNondurableGoods() |
Common Issues & FAQ
What's included in services?
Healthcare, housing, utilities, transportation, recreation, financial services.
Why is services the largest PCE component?
The US economy is primarily service-based, with services over 65% of PCE.
Related Formulas
More MarketXLS Economic Data formulas you can use in the same worksheet:
- Real Personal Income Excluding Transfer Receipts
- Real Potential Gross Domestic Product
- Real Private Nonresidential Fixed Investment
- Real Private Residential Fixed Investment
- Residential Construction
- S&P 500
- Sales - Retail & Food Services
- St. Louis Fed Financial Stress Index
See RealPersonalConsumptionExpServices used in a complete workbook: PCE Inflation Tracker Excel: Core PCE Dashboard for May 2026 Fed Watchers
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