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

Examples

=RealPersonalConsumptionExpServices()
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

Q: What's included in services? A: Healthcare, housing, utilities, transportation, recreation, financial services.

Q: Why is services the largest PCE component? A: The US economy is primarily service-based, with services over 65% of PCE.

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MarketXLS Excel Add-in Tutorial - How to Use Real Personal Consumption Expenditures - Services and Other Financial Formulas
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