Personal Consumption Expenditures (PCE)
Personal Consumption Expenditures (PCE) is a measure of household spending on goods and services in the United States. It is a primary component of gross domestic product (GDP) and a key gauge of consumer demand.
Example: In the BEA’s quarterly release, Personal Consumption Expenditures is reported as a component of GDP, illustrating how household spending contributes to overall economic activity. The report might note that PCE rose modestly while government spending declined.
💬 Comments