Personal Consumption Expenditure (PCE) refers to the total amount of money spent by individuals or households on goods and services. It includes expenditures on durable goods (e.g., cars, appliances), non-durable goods (e.g., food, clothing), and services (e.g., healthcare, transportation). PCE is an important component of GDP and a key indicator of consumer spending, which drives economic growth. Changes in personal consumption expenditure reflect shifts in consumer behavior, confidence, and economic conditions.