MarketXLS

Consumer Spending: Services

11.1T for Jun 2026

Consumer Spending: Services came in at 11.1T for Jun 2026, up 0.26% from 11.1T the prior month and 2.34% above its level of 10.9T one year ago. The series has averaged 9.049T since 2007, reaching a record high of 11.1T in June 2026 and a record low of 7.776T in January 2007.

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

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

Historical Data

Observation dateValue
June 1, 202611.1T
May 1, 202611.1T
April 1, 202611.1T
March 1, 202611T
February 1, 202611T
January 1, 202611T
December 1, 202511T
November 1, 202511T
October 1, 202511T
September 1, 202511T
August 1, 202510.9T
July 1, 202510.9T
June 1, 202510.9T
May 1, 202510.8T
April 1, 202510.8T
March 1, 202510.8T
February 1, 202510.7T
January 1, 202510.8T
December 1, 202410.8T
November 1, 202410.7T
October 1, 202410.7T
September 1, 202410.7T
August 1, 202410.7T
July 1, 202410.7T
June 1, 202410.6T
May 1, 202410.6T
April 1, 202410.6T
March 1, 202410.6T
February 1, 202410.5T
January 1, 202410.5T
December 1, 202310.5T
November 1, 202310.4T
October 1, 202310.4T
September 1, 202310.4T
August 1, 202310.3T
July 1, 202310.4T
June 1, 202310.3T
May 1, 202310.3T
April 1, 202310.3T
March 1, 202310.3T
February 1, 202310.2T
January 1, 202310.2T
December 1, 202210.2T
November 1, 202210.2T
October 1, 202210.1T
September 1, 202210.1T
August 1, 202210.1T
July 1, 202210.1T
June 1, 202210T
May 1, 202210T
April 1, 20229.973T
March 1, 20229.925T
February 1, 20229.872T
January 1, 20229.816T
December 1, 20219.84T
November 1, 20219.84T
October 1, 20219.816T
September 1, 20219.776T
August 1, 20219.747T
July 1, 20219.681T
June 1, 20219.593T
May 1, 20219.491T
April 1, 20219.41T
March 1, 20219.307T
February 1, 20219.126T
January 1, 20219.141T
December 1, 20209.075T
November 1, 20209.062T
October 1, 20209.078T
September 1, 20209.023T
August 1, 20208.915T
July 1, 20208.8T
June 1, 20208.679T
May 1, 20208.238T
April 1, 20207.836T
March 1, 20208.76T
February 1, 20209.595T
January 1, 20209.648T
December 1, 20199.572T
November 1, 20199.56T
October 1, 20199.519T
September 1, 20199.505T
August 1, 20199.479T
July 1, 20199.44T
June 1, 20199.401T
May 1, 20199.378T
April 1, 20199.365T
March 1, 20199.368T
February 1, 20199.328T
January 1, 20199.321T
December 1, 20189.318T
November 1, 20189.336T
October 1, 20189.333T
September 1, 20189.306T
August 1, 20189.319T
July 1, 20189.301T
June 1, 20189.291T
May 1, 20189.25T
April 1, 20189.256T
March 1, 20189.233T
February 1, 20189.188T
January 1, 20189.19T
December 1, 20179.187T
November 1, 20179.138T
October 1, 20179.112T
September 1, 20179.097T
August 1, 20179.083T
July 1, 20179.086T
June 1, 20179.057T
May 1, 20179.052T
April 1, 20179.042T
March 1, 20179.062T
February 1, 20179.01T
January 1, 20179.016T
December 1, 20168.996T
November 1, 20168.965T
October 1, 20168.937T
September 1, 20168.946T
August 1, 20168.919T
July 1, 20168.91T
June 1, 20168.889T
May 1, 20168.875T
April 1, 20168.872T
March 1, 20168.847T
February 1, 20168.871T
January 1, 20168.832T
December 1, 20158.809T
November 1, 20158.784T
October 1, 20158.796T
September 1, 20158.773T
August 1, 20158.767T
July 1, 20158.75T
June 1, 20158.732T
May 1, 20158.723T
April 1, 20158.704T
March 1, 20158.684T
February 1, 20158.683T
January 1, 20158.661T
December 1, 20148.646T
November 1, 20148.626T
October 1, 20148.622T
September 1, 20148.572T
August 1, 20148.558T
July 1, 20148.503T
June 1, 20148.488T
May 1, 20148.466T
April 1, 20148.446T
March 1, 20148.447T
February 1, 20148.409T
January 1, 20148.413T
December 1, 20138.427T
November 1, 20138.413T
October 1, 20138.387T
September 1, 20138.359T
August 1, 20138.343T
July 1, 20138.318T
June 1, 20138.327T
May 1, 20138.323T
April 1, 20138.319T
March 1, 20138.315T
February 1, 20138.289T
January 1, 20138.284T
December 1, 20128.29T
November 1, 20128.298T
October 1, 20128.282T
September 1, 20128.273T
August 1, 20128.259T
July 1, 20128.276T
June 1, 20128.26T
May 1, 20128.261T
April 1, 20128.265T
March 1, 20128.254T
February 1, 20128.25T
January 1, 20128.215T
December 1, 20118.198T
November 1, 20118.198T
October 1, 20118.212T
September 1, 20118.206T
August 1, 20118.212T
July 1, 20118.213T
June 1, 20118.187T
May 1, 20118.179T
April 1, 20118.159T
March 1, 20118.166T
February 1, 20118.142T
January 1, 20118.135T
December 1, 20108.138T
November 1, 20108.122T
October 1, 20108.105T
September 1, 20108.103T
August 1, 20108.107T
July 1, 20108.097T
June 1, 20108.067T
May 1, 20108.056T
April 1, 20108.014T
March 1, 20108.001T
February 1, 20108.002T
January 1, 20107.973T
December 1, 20097.981T
November 1, 20097.928T
October 1, 20097.948T
September 1, 20097.95T
August 1, 20097.949T
July 1, 20097.935T
June 1, 20097.931T
May 1, 20097.922T
April 1, 20097.942T
March 1, 20097.957T
February 1, 20097.957T
January 1, 20097.984T
December 1, 20087.986T
November 1, 20087.997T
October 1, 20088.009T
September 1, 20087.989T
August 1, 20087.975T
July 1, 20087.989T
June 1, 20087.998T
May 1, 20087.993T
April 1, 20087.983T
March 1, 20087.962T
February 1, 20087.951T
January 1, 20087.944T
December 1, 20077.914T
November 1, 20077.905T
October 1, 20077.881T
September 1, 20077.87T
August 1, 20077.88T
July 1, 20077.832T
June 1, 20077.818T
May 1, 20077.799T
April 1, 20077.805T
March 1, 20077.789T
February 1, 20077.792T
January 1, 20077.776T
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About Consumer Spending: Services

What it measures

Real Personal Consumption Expenditures on Services (FRED series PCESC96) measures inflation-adjusted household spending on services, including housing rents, healthcare, transportation, financial services, and recreation. Published monthly and quarterly by the Bureau of Economic Analysis in chained dollars, it is the largest of the three major consumption categories in the national accounts.

Why it matters

Services make up the bulk of US consumer spending and employment, so this series anchors the outlook for the domestic economy. It is also central to inflation dynamics, since services prices are driven more by wages than by global goods costs. Shifts between goods and services consumption reshape sector earnings across the market.

How to read it

Services spending is the smoothest consumption component because rent, healthcare, and utilities are hard to cut quickly; even modest declines are therefore meaningful stress signals. Note that large imputed items such as owner-occupied housing services move slowly and do not reflect cash outlays. Rapid real growth typically accompanies strong labor markets and rising discretionary activity like travel and dining.

Get Consumer Spending: Services in Excel

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

=RealPersonalConsumptionExpServices()

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

Frequently Asked Questions

What is the current Consumer Spending: Services?

Consumer Spending: Services is 11.1T as of June 2026.

What is the all-time high and low of Consumer Spending: Services?

The highest value on record is 11.1T (June 2026) and the lowest is 7.776T (January 2007).

How often is Consumer Spending: Services updated?

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

How do I get Consumer Spending: Services in Excel?

Use the MarketXLS Excel formula =RealPersonalConsumptionExpServices() to pull Consumer Spending: Services 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 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 Value11.1T
Latest PeriodJun 2026
Last UpdatedJuly 30 2026, 12:01
Value Previous Month11.1T
Change From Previous Month0.26%
Value 1 Year Ago10.9T
Change From Year Ago2.34%
Average Growth Rate1.86%/yr
Record High (Jun 2026)11.1T
Record Low (Jan 2007)7.776T
Long-Term Average9.049T
FrequencyMonthly
AdjustmentSeasonally Adjusted Annual Rate
UnitBillions of Chained 2017 Dollars

Annual Averages
202611.1T
202510.9T
202410.6T
202310.3T
202210T
20219.564T
20208.892T
20199.436T
20189.277T
20179.078T
20168.905T
20158.739T

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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