MarketXLS

Real Personal Consumption Expenditures

16.8T for Q2 2026

Real Personal Consumption Expenditures came in at 16.8T for Q2 2026, up 0.78% from 16.7T the prior quarter and 2.26% above its level of 16.4T one year ago. The series has averaged 6.82T since 1947, reaching a record high of 16.8T in April 2026 and a record low of 1.351T in January 1947.

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

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Cite this data: "Real Personal Consumption Expenditures," MarketXLS. Data from Federal Reserve Economic Data (FRED), St. Louis Fed. marketxls.com/indicators/real-personal-consumption-expenditures

Historical Data

Observation dateValue
April 1, 202616.8T
January 1, 202616.7T
October 1, 202516.7T
July 1, 202516.6T
April 1, 202516.4T
January 1, 202516.3T
October 1, 202416.3T
July 1, 202416.2T
April 1, 202416T
January 1, 202415.9T
October 1, 202315.8T
July 1, 202315.7T
April 1, 202315.6T
January 1, 202315.5T
October 1, 202215.3T
July 1, 202215.3T
April 1, 202215.2T
January 1, 202215.1T
October 1, 202115.1T
July 1, 202114.9T
April 1, 202114.8T
January 1, 202114.3T
October 1, 202014T
July 1, 202013.8T
April 1, 202012.7T
January 1, 202013.9T
October 1, 201914.1T
July 1, 201914T
April 1, 201913.9T
January 1, 201913.8T
October 1, 201813.7T
July 1, 201813.7T
April 1, 201813.6T
January 1, 201813.6T
October 1, 201713.5T
July 1, 201713.3T
April 1, 201713.2T
January 1, 201713.2T
October 1, 201613.1T
July 1, 201613T
April 1, 201612.9T
January 1, 201612.8T
October 1, 201512.7T
July 1, 201512.7T
April 1, 201512.6T
January 1, 201512.5T
October 1, 201412.4T
July 1, 201412.3T
April 1, 201412.2T
January 1, 201412T
October 1, 201312T
July 1, 201311.9T
April 1, 201311.8T
January 1, 201311.8T
October 1, 201211.7T
July 1, 201211.7T
April 1, 201211.7T
January 1, 201211.6T
October 1, 201111.6T
July 1, 201111.5T
April 1, 201111.5T
January 1, 201111.5T
October 1, 201011.5T
July 1, 201011.4T
April 1, 201011.3T
January 1, 201011.2T
October 1, 200911.1T
July 1, 200911.2T
April 1, 200911.1T
January 1, 200911.1T
October 1, 200811.2T
July 1, 200811.3T
April 1, 200811.3T
January 1, 200811.3T
October 1, 200711.3T
July 1, 200711.3T
April 1, 200711.2T
January 1, 200711.2T
October 1, 200611.1T
July 1, 200611T
April 1, 200610.9T
January 1, 200610.9T
October 1, 200510.8T
July 1, 200510.7T
April 1, 200510.7T
January 1, 200510.5T
October 1, 200410.5T
July 1, 200410.4T
April 1, 200410.2T
January 1, 200410.2T
October 1, 200310.1T
July 1, 200310T
April 1, 20039.878T
January 1, 20039.767T
October 1, 20029.719T
July 1, 20029.665T
April 1, 20029.598T
January 1, 20029.55T
October 1, 20019.528T
July 1, 20019.377T
April 1, 20019.344T
January 1, 20019.326T
October 1, 20009.292T
July 1, 20009.212T
April 1, 20009.124T
January 1, 20009.04T
October 1, 19998.905T
July 1, 19998.777T
April 1, 19998.679T
January 1, 19998.548T
October 1, 19988.461T
July 1, 19988.341T
April 1, 19988.233T
January 1, 19988.091T
October 1, 19978.01T
July 1, 19977.915T
April 1, 19977.783T
January 1, 19977.748T
October 1, 19967.667T
July 1, 19967.606T
April 1, 19967.561T
January 1, 19967.48T
October 1, 19957.412T
July 1, 19957.361T
April 1, 19957.294T
January 1, 19957.231T
October 1, 19947.213T
July 1, 19947.136T
April 1, 19947.082T
January 1, 19947.027T
October 1, 19936.948T
July 1, 19936.887T
April 1, 19936.812T
January 1, 19936.75T
October 1, 19926.724T
July 1, 19926.645T
April 1, 19926.575T
January 1, 19926.53T
October 1, 19916.41T
July 1, 19916.414T
April 1, 19916.382T
January 1, 19916.329T
October 1, 19906.353T
July 1, 19906.402T
April 1, 19906.377T
January 1, 19906.357T
October 1, 19896.304T
July 1, 19896.277T
April 1, 19896.217T
January 1, 19896.188T
October 1, 19886.159T
July 1, 19886.09T
April 1, 19886.036T
January 1, 19885.992T
October 1, 19875.888T
July 1, 19875.876T
April 1, 19875.809T
January 1, 19875.731T
October 1, 19865.726T
July 1, 19865.691T
April 1, 19865.592T
January 1, 19865.532T
October 1, 19855.484T
July 1, 19855.472T
April 1, 19855.37T
January 1, 19855.321T
October 1, 19845.232T
July 1, 19845.165T
April 1, 19845.127T
January 1, 19845.056T
October 1, 19835.015T
July 1, 19834.936T
April 1, 19834.849T
January 1, 19834.752T
October 1, 19824.706T
July 1, 19824.625T
April 1, 19824.594T
January 1, 19824.58T
October 1, 19814.547T
July 1, 19814.578T
April 1, 19814.557T
January 1, 19814.557T
October 1, 19804.541T
July 1, 19804.481T
April 1, 19804.432T
January 1, 19804.534T
October 1, 19794.541T
July 1, 19794.53T
April 1, 19794.486T
January 1, 19794.489T
October 1, 19784.466T
July 1, 19784.43T
April 1, 19784.411T
January 1, 19784.319T
October 1, 19774.295T
July 1, 19774.231T
April 1, 19774.192T
January 1, 19774.169T
October 1, 19764.121T
July 1, 19764.068T
April 1, 19764.025T
January 1, 19763.989T
October 1, 19753.91T
July 1, 19753.869T
April 1, 19753.815T
January 1, 19753.753T
October 1, 19743.722T
July 1, 19743.777T
April 1, 19743.761T
January 1, 19743.747T
October 1, 19733.781T
July 1, 19733.792T
April 1, 19733.779T
January 1, 19733.781T
October 1, 19723.713T
July 1, 19723.628T
April 1, 19723.573T
January 1, 19723.506T
October 1, 19713.46T
July 1, 19713.404T
April 1, 19713.377T
January 1, 19713.346T
October 1, 19703.283T
July 1, 19703.292T
April 1, 19703.264T
January 1, 19703.249T
October 1, 19693.229T
July 1, 19693.203T
April 1, 19693.188T
January 1, 19693.167T
October 1, 19683.133T
July 1, 19683.118T
April 1, 19683.061T
January 1, 19683.015T
October 1, 19672.945T
July 1, 19672.927T
April 1, 19672.912T
January 1, 19672.873T
October 1, 19662.856T
July 1, 19662.844T
April 1, 19662.812T
January 1, 19662.805T
October 1, 19652.764T
July 1, 19652.689T
April 1, 19652.643T
January 1, 19652.614T
October 1, 19642.557T
July 1, 19642.55T
April 1, 19642.504T
January 1, 19642.46T
October 1, 19632.413T
July 1, 19632.393T
April 1, 19632.361T
January 1, 19632.339T
October 1, 19622.323T
July 1, 19622.29T
April 1, 19622.272T
January 1, 19622.244T
October 1, 19612.221T
July 1, 19612.177T
April 1, 19612.166T
January 1, 19612.135T
October 1, 19602.135T
July 1, 19602.133T
April 1, 19602.141T
January 1, 19602.115T
October 1, 19592.094T
July 1, 19592.092T
April 1, 19592.071T
January 1, 19592.039T
October 1, 19582.002T
July 1, 19581.975T
April 1, 19581.943T
January 1, 19581.927T
October 1, 19571.954T
July 1, 19571.954T
April 1, 19571.938T
January 1, 19571.935T
October 1, 19561.921T
July 1, 19561.895T
April 1, 19561.891T
January 1, 19561.885T
October 1, 19551.882T
July 1, 19551.858T
April 1, 19551.836T
January 1, 19551.801T
October 1, 19541.762T
July 1, 19541.725T
April 1, 19541.702T
January 1, 19541.681T
October 1, 19531.674T
July 1, 19531.686T
April 1, 19531.69T
January 1, 19531.68T
October 1, 19521.66T
July 1, 19521.604T
April 1, 19521.596T
January 1, 19521.565T
October 1, 19511.562T
July 1, 19511.553T
April 1, 19511.535T
January 1, 19511.579T
October 1, 19501.542T
July 1, 19501.59T
April 1, 19501.512T
January 1, 19501.488T
October 1, 19491.463T
July 1, 19491.442T
April 1, 19491.439T
January 1, 19491.417T
October 1, 19481.415T
July 1, 19481.404T
April 1, 19481.402T
January 1, 19481.386T
October 1, 19471.379T
July 1, 19471.378T
April 1, 19471.374T
January 1, 19471.351T

About Real Personal Consumption Expenditures

What it measures

Real Personal Consumption Expenditures (FRED series PCECC96) measures inflation-adjusted household spending on goods and services, the largest component of US GDP. The Bureau of Economic Analysis publishes this quarterly series in chained dollars as part of the national income and product accounts, covering everything from groceries to healthcare and housing services.

Why it matters

Consumer spending accounts for roughly two thirds of US economic output, so its direction largely determines whether GDP expands or contracts. Analysts watch it to judge household health, the pass-through of income and wealth changes to demand, and the sustainability of an expansion. Weakness here has preceded most postwar recessions.

How to read it

Rising real PCE indicates households are absorbing price changes and still increasing purchases; falling readings suggest retrenchment. Compare its growth to real disposable income: spending outpacing income means the saving rate is falling, which is harder to sustain. As a quarterly average, it smooths monthly volatility but reveals turning points later than the monthly series.

Get Real Personal Consumption Expenditures in Excel

Pull Real Personal Consumption Expenditures directly into your spreadsheet with a single MarketXLS formula - always current, no copy-pasting:

=RealPersonalConsumptionExpenditure()

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

Frequently Asked Questions

What is the current Real Personal Consumption Expenditures?

Real Personal Consumption Expenditures is 16.8T as of April 2026.

What is the all-time high and low of Real Personal Consumption Expenditures?

The highest value on record is 16.8T (April 2026) and the lowest is 1.351T (January 1947).

How often is Real Personal Consumption Expenditures updated?

Real Personal Consumption Expenditures is published on a quarterly basis, sourced from Federal Reserve Economic Data (FRED).

How do I get Real Personal Consumption Expenditures in Excel?

Use the MarketXLS Excel formula =RealPersonalConsumptionExpenditure() to pull Real Personal Consumption Expenditures 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 which is adjusted for inflation.
RegionUnited States
FrequencyQuarterly
Last updatedJuly 30, 2026
Seasonal adjustmentSeasonally Adjusted Annual Rate
UnitBillions of Chained 2017 Dollars

Stats
Last Value16.8T
Latest PeriodQ2 2026
Last UpdatedJuly 30 2026, 10:07
Value Previous Quarter16.7T
Change From Previous Quarter0.78%
Value 1 Year Ago16.4T
Change From Year Ago2.26%
Average Growth Rate3.23%/yr
Record High (Apr 2026)16.8T
Record Low (Jan 1947)1.351T
Long-Term Average6.82T
FrequencyQuarterly
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 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
Real Private Residential Fixed Investment
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