Personal Consumption Expenditures: Goods for Montana
MTPCEG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,677.90
Year-over-Year Change
73.28%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Personal Consumption Expenditures: Goods for Montana' metric measures consumer spending on goods in the state of Montana. This trend provides insights into the health and dynamics of the state's economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents total personal consumption expenditures on goods by Montana residents. It serves as an important indicator of consumer demand and economic activity within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic models.
Historical Context
Policymakers and analysts use this metric to assess the strength of Montana's consumer economy and make informed decisions.
Key Facts
- Montana's personal consumption expenditures on goods totaled $X.XX billion in the latest quarter.
- Goods consumption accounts for approximately Y% of total personal consumption in Montana.
- The trend in Montana's goods consumption has [increased/decreased] by Z% over the past year.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total personal consumption expenditures on goods by residents of the state of Montana. It provides insight into consumer demand and economic activity within the state.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of the health and dynamics of Montana's consumer economy, which is useful for policymakers, businesses, and economic analysts making informed decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic models.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the strength of Montana's consumer economy and make informed decisions regarding fiscal, monetary, and economic development policies.
Q: Are there update delays or limitations?
A: There may be a delay of several months between the end of the reporting period and the release of the latest data. Additionally, the data may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods for Montana (MTPCEG), retrieved from FRED.