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OutputHigher is better
Personal Consumption: Services
Real personal consumption expenditures on services. Services make up ~70% of U.S. GDP, making this a broad gauge of consumer-driven economic activity.
Source: FRED
Latest reading
15.0K+877.6 vs last year
January 202615.0K
5.0K9.0K14.0K18.0K
About this range
Real personal consumption on services of $9,000B–$14,000B captures healthy demand across the largest segment of the U.S. economy. Services spending is more stable than goods spending, so sustained readings in this range signal broad economic resilience.
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