MarketXLS

Consumer Spending: Services 11.1T for 

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

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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
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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

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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