when people spend without hesitation it usually means that the economy is doing well when they cut back on spending it points to problems in the overall economic picture 
pce estimates aggregate spending for a large number of commodities this can provide a view of spending that accounts for more goods and services actually purchased pce data may reflect measurement errors that occur during collection and in source data provided to the bea it may also reflect classification errors after collection in the personal sector and other sectors comprising the national accounts pce is part of the national income and product accounts constructed by the bea prior pce figures are subject to revision every year that can result in different measurements over extended periods some observers feel that this reflects the inability to value personal consumption expenditures accurately provides a view of the economyreports aggregate spending on a broad range of goods and servicesspending changes can indicate a growing economy or economic difficultiesmay reflect data collection errorsmay reflect data classification errors after collectionfigures are estimates and can be revisedrecent pce readingspersonal income was roughly 23 92 trillion in may 2024 this represents an increase of 0 5 from the previous month disposable personal income remained fairly flat from the previous month at just under 17 00 trillion pce grew 0 2 to just over 19 34 trillion the pce price index decreased by less than 0 1 from the previous month 4