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Mar 29, 2024 · Key Takeaways. Personal consumption expenditures is a measure of consumer spending. PCE is constructed and reported by the Bureau of Economic Analysis, along with personal income and the...
- Daniel Liberto
- 1 min
Apr 26, 2024 · December 2023. +0.6%. Consumer spending, or personal consumption expenditures (PCE), is the value of the goods and services purchased by, or on the behalf of, U.S. residents. At the national level, BEA publishes annual, quarterly, and monthly estimates of consumer spending. Current Release.
Dec 1, 2022 · Personal consumption expenditures (PCE) measure what average Americans spend their money on. Learn about PCE, why it is important, and how it is measured.
- Kimberly Amadeo
OECD Data. Household spending is the amount of final consumption expenditure made by resident households to meet their everyday needs, such as food, clothing, housing (rent), energy, transport, durable goods (notably cars), health costs, leisure, and miscellaneous services.
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What are personal consumption expenditures?
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What is personal consumption expenditures (PCE)?
Overview. The onset of the COVID-19 pandemic in 2020 affected spending across 14 major spending categories differently from 2019 to 2020. 3 (See chart 1.) View Chart Data.
Definition. Household final consumption expenditure covers all purchases made by resident households (home or abroad) to meet their everyday needs: food, clothing, housing services (rents), energy, transport, durable goods (notably cars), spending on health, on leisure and on miscellaneous services.
consumption, in economics, the use of goods and services by households. Consumption is distinct from consumption expenditure, which is the purchase of goods and services for use by households. Consumption differs from consumption expenditure primarily because durable goods, such as automobiles,