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()Examples
Services spending
When to Use
- Service sector analysis
- Healthcare spending trends
- Housing market research
- Service economy assessment
When NOT to Use
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.
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