MarketXLS

Consumer Spending (Real PCE)

16.9T for Jun 2026

Consumer Spending (Real PCE) came in at 16.9T for Jun 2026, up 0.40% from 16.8T the prior month and 2.54% above its level of 16.5T one year ago. The series has averaged 13.3T since 2007, reaching a record high of 16.9T in June 2026 and a record low of 11.1T in April 2009.

Source: Federal Reserve Economic Data (FRED), St. Louis Fed

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Cite this data: "Consumer Spending (Real PCE)," MarketXLS. Data from Federal Reserve Economic Data (FRED), St. Louis Fed. marketxls.com/indicators/consumer-spending

Historical Data

Observation dateValue
June 1, 202616.9T
May 1, 202616.8T
April 1, 202616.8T
March 1, 202616.7T
February 1, 202616.7T
January 1, 202616.6T
December 1, 202516.7T
November 1, 202516.7T
October 1, 202516.6T
September 1, 202516.6T
August 1, 202516.6T
July 1, 202516.5T
June 1, 202516.5T
May 1, 202516.4T
April 1, 202516.4T
March 1, 202516.4T
February 1, 202516.3T
January 1, 202516.3T
December 1, 202416.4T
November 1, 202416.3T
October 1, 202416.2T
September 1, 202416.2T
August 1, 202416.1T
July 1, 202416.1T
June 1, 202416.1T
May 1, 202416T
April 1, 202415.9T
March 1, 202415.9T
February 1, 202415.9T
January 1, 202415.8T
December 1, 202315.9T
November 1, 202315.8T
October 1, 202315.7T
September 1, 202315.7T
August 1, 202315.7T
July 1, 202315.7T
June 1, 202315.6T
May 1, 202315.5T
April 1, 202315.5T
March 1, 202315.5T
February 1, 202315.5T
January 1, 202315.5T
December 1, 202215.3T
November 1, 202215.3T
October 1, 202215.4T
September 1, 202215.3T
August 1, 202215.3T
July 1, 202215.2T
June 1, 202215.2T
May 1, 202215.2T
April 1, 202215.2T
March 1, 202215.2T
February 1, 202215.1T
January 1, 202215.1T
December 1, 202115.1T
November 1, 202115.1T
October 1, 202115.1T
September 1, 202115T
August 1, 202115T
July 1, 202114.9T
June 1, 202114.9T
May 1, 202114.8T
April 1, 202114.8T
March 1, 202114.7T
February 1, 202114.1T
January 1, 202114.2T
December 1, 202014T
November 1, 202014T
October 1, 202014T
September 1, 202014T
August 1, 202013.8T
July 1, 202013.7T
June 1, 202013.5T
May 1, 202012.8T
April 1, 202011.8T
March 1, 202013.2T
February 1, 202014.2T
January 1, 202014.2T
December 1, 201914.2T
November 1, 201914.1T
October 1, 201914.1T
September 1, 201914.1T
August 1, 201914T
July 1, 201914T
June 1, 201913.9T
May 1, 201913.9T
April 1, 201913.8T
March 1, 201913.8T
February 1, 201913.7T
January 1, 201913.7T
December 1, 201813.7T
November 1, 201813.8T
October 1, 201813.7T
September 1, 201813.7T
August 1, 201813.7T
July 1, 201813.7T
June 1, 201813.7T
May 1, 201813.6T
April 1, 201813.6T
March 1, 201813.6T
February 1, 201813.5T
January 1, 201813.5T
December 1, 201713.6T
November 1, 201713.5T
October 1, 201713.4T
September 1, 201713.4T
August 1, 201713.3T
July 1, 201713.3T
June 1, 201713.3T
May 1, 201713.2T
April 1, 201713.2T
March 1, 201713.2T
February 1, 201713.1T
January 1, 201713.1T
December 1, 201613.1T
November 1, 201613T
October 1, 201613T
September 1, 201613T
August 1, 201613T
July 1, 201613T
June 1, 201612.9T
May 1, 201612.9T
April 1, 201612.9T
March 1, 201612.8T
February 1, 201612.9T
January 1, 201612.8T
December 1, 201512.8T
November 1, 201512.7T
October 1, 201512.7T
September 1, 201512.7T
August 1, 201512.7T
July 1, 201512.7T
June 1, 201512.6T
May 1, 201512.6T
April 1, 201512.6T
March 1, 201512.6T
February 1, 201512.5T
January 1, 201512.5T
December 1, 201412.5T
November 1, 201412.4T
October 1, 201412.4T
September 1, 201412.3T
August 1, 201412.3T
July 1, 201412.2T
June 1, 201412.2T
May 1, 201412.2T
April 1, 201412.1T
March 1, 201412.1T
February 1, 201412T
January 1, 201412T
December 1, 201312T
November 1, 201312T
October 1, 201312T
September 1, 201311.9T
August 1, 201311.9T
July 1, 201311.9T
June 1, 201311.9T
May 1, 201311.9T
April 1, 201311.8T
March 1, 201311.8T
February 1, 201311.8T
January 1, 201311.8T
December 1, 201211.8T
November 1, 201211.8T
October 1, 201211.7T
September 1, 201211.7T
August 1, 201211.7T
July 1, 201211.7T
June 1, 201211.7T
May 1, 201211.7T
April 1, 201211.7T
March 1, 201211.7T
February 1, 201211.7T
January 1, 201211.6T
December 1, 201111.6T
November 1, 201111.6T
October 1, 201111.6T
September 1, 201111.6T
August 1, 201111.5T
July 1, 201111.5T
June 1, 201111.5T
May 1, 201111.5T
April 1, 201111.5T
March 1, 201111.5T
February 1, 201111.5T
January 1, 201111.5T
December 1, 201011.5T
November 1, 201011.5T
October 1, 201011.4T
September 1, 201011.4T
August 1, 201011.4T
July 1, 201011.4T
June 1, 201011.3T
May 1, 201011.3T
April 1, 201011.3T
March 1, 201011.3T
February 1, 201011.2T
January 1, 201011.2T
December 1, 200911.2T
November 1, 200911.1T
October 1, 200911.1T
September 1, 200911.1T
August 1, 200911.2T
July 1, 200911.1T
June 1, 200911.1T
May 1, 200911.1T
April 1, 200911.1T
March 1, 200911.1T
February 1, 200911.1T
January 1, 200911.2T
December 1, 200811.1T
November 1, 200811.2T
October 1, 200811.2T
September 1, 200811.2T
August 1, 200811.3T
July 1, 200811.3T
June 1, 200811.3T
May 1, 200811.4T
April 1, 200811.3T
March 1, 200811.3T
February 1, 200811.3T
January 1, 200811.3T
December 1, 200711.3T
November 1, 200711.3T
October 1, 200711.3T
September 1, 200711.3T
August 1, 200711.3T
July 1, 200711.3T
June 1, 200711.2T
May 1, 200711.2T
April 1, 200711.2T
March 1, 200711.2T
February 1, 200711.2T
January 1, 200711.2T
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About Consumer Spending (Real PCE)

What it measures

Real Personal Consumption Expenditures, monthly (FRED series PCEC96), tracks inflation-adjusted household spending on goods and services month by month. The Bureau of Economic Analysis releases it in the Personal Income and Outlays report, typically about four weeks after each reference month, alongside the PCE price index the Federal Reserve targets.

Why it matters

This is the timeliest official read on the American consumer, whose spending drives most of GDP. Forecasters feed monthly PCE directly into quarterly GDP tracking estimates, and its momentum entering a quarter shapes growth expectations. Because it arrives with the Fed's preferred inflation gauge, the report moves rate expectations and markets.

How to read it

A single strong or weak month means little; look at three-month annualized trends to filter noise. Monthly swings are often driven by volatile categories such as autos and utilities, so check whether goods or services spending is doing the work. Data are revised in subsequent releases and at annual benchmark updates, sometimes changing the apparent trend.

Get Consumer Spending (Real PCE) in Excel

Pull Consumer Spending (Real PCE) directly into your spreadsheet with a single MarketXLS formula - always current, no copy-pasting:

=RealPersonalConsumptionExpMonthly()

View the Real Personal Consumption Expenditures formula documentation or browse all 100+ Economic Data functions.

Frequently Asked Questions

What is the current Consumer Spending (Real PCE)?

Consumer Spending (Real PCE) is 16.9T as of June 2026.

What is the all-time high and low of Consumer Spending (Real PCE)?

The highest value on record is 16.9T (June 2026) and the lowest is 11.1T (April 2009).

How often is Consumer Spending (Real PCE) updated?

Consumer Spending (Real PCE) is published on a monthly basis, sourced from Federal Reserve Economic Data (FRED).

How do I get Consumer Spending (Real PCE) in Excel?

Use the MarketXLS Excel formula =RealPersonalConsumptionExpMonthly() to pull Consumer Spending (Real PCE) directly into any cell, with historical values available for analysis.

Basic info
Real personal consumption expenditures (PCE) is the primary measure of consumer spending on goods and services in the U.S. economy.
RegionUnited States
FrequencyMonthly
Last updatedJuly 30, 2026
Seasonal adjustmentSeasonally Adjusted Annual Rate
UnitBillions of Chained 2017 Dollars

Stats
Last Value16.9T
Latest PeriodJun 2026
Last UpdatedJuly 30 2026, 12:01
Value Previous Month16.8T
Change From Previous Month0.40%
Value 1 Year Ago16.5T
Change From Year Ago2.54%
Average Growth Rate2.15%/yr
Record High (Jun 2026)16.9T
Record Low (Apr 2009)11.1T
Long-Term Average13.3T
FrequencyMonthly
AdjustmentSeasonally Adjusted Annual Rate
UnitBillions of Chained 2017 Dollars

Annual Averages
202616.8T
202516.5T
202416.1T
202315.6T
202215.2T
202114.8T
202013.6T
201913.9T
201813.7T
201713.3T
201612.9T
201512.6T

Related Indicators
Real Gross Domestic Product
Real Personal Consumption Expenditures
Real Gross Private Domestic Investment
Real Government Spending
Real Net Exports of Goods and Services
Real Exports of Goods and Services
Real imports of goods and services
Federal Receipts
Federal Net Outlays
Federal Surplus or Deficit
US Federal Debt (Total Public Debt)
Real Private Nonresidential Fixed Investment
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