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Personal Consumption Expenditures PCE

Billions of Dollars • Monthly • Seasonally Adjusted Annual Rate
Source: FRED | Last updated: 2025-09-26 07:43:03-05 | Range: 1959-01-01 → 2025-08-01

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Trend

Momentum

Trend Heat Strip & Seasonality

YoY Heat Strip

≤ −5% Decline > +5% Growth

Seasonality (Average by Month)

What am I looking at?

What it shows: the average level of the series for each calendar month (Jan…Dec) across the full history.

Computation: for each month m, take the mean of all observations whose calendar month = m (all years equally weighted).
Interpretation:
- Not seasonally adjusted (NSA): clear recurring peaks/troughs by month.
- Seasonally adjusted (SA): should be fairly flat (seasonality already removed).
Caveats: uses raw levels, so long-run trend can dominate; best for monthly series. For a relative view, consider a seasonal index (month_mean ÷ overall_mean − 1) or limit to the last N years.

Distribution & Extremes

Histogram of Monthly Changes

Context

Recent Prints

Date	Value	MoM	YoY

Release

Personal Income and Outlays

See full release page

Typical schedule and next expected date may vary; check the release page for official timing.

What this measures & how to read it

BEA Account Code: DPCERC
A Guide to the National Income and Product Accounts of the United States (http://www.bea.gov/national/pdf/nipaguid.pdf) (NIPA).

Tip: focus on multi-month trends to reduce noise from seasonality, one-off shocks, and revisions.