Personal Consumption Expenditures: Services: Household Consumption Expenditures for Services for Montana
MTPCEHCE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38,840.60
Year-over-Year Change
87.25%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures household consumption expenditures for services in Montana. It provides insights into consumer spending patterns and demand for services within 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
The Personal Consumption Expenditures: Services: Household Consumption Expenditures for Services for Montana series tracks consumer spending on a range of service-based products and activities. This metric is a key indicator of economic health and consumer confidence in the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its personal consumption expenditures program.
Historical Context
Policymakers and analysts use this trend to monitor consumer demand and make informed decisions about economic policies and market interventions.
Key Facts
- Montana's household services expenditures account for over 60% of total personal consumption.
- Service sector spending has grown faster than goods consumption in Montana over the past decade.
- Consumer demand for healthcare and recreation services are key drivers of this economic trend.
FAQs
Q: What does this economic trend measure?
A: This trend measures household consumption expenditures for services in the state of Montana, providing insights into consumer spending patterns and demand for services within the state's economy.
Q: Why is this trend relevant for users or analysts?
A: The Personal Consumption Expenditures: Services for Montana is a key indicator of economic health and consumer confidence in the state, and is used by policymakers and analysts to monitor consumer demand and inform economic policies and market interventions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its personal consumption expenditures program.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor consumer demand and make informed decisions about economic policies and market interventions within Montana's economy.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Bureau of Economic Analysis, but may be subject to revision and can have a delay in reporting compared to more immediate economic indicators.
Related Trends
Gross Domestic Product: Farms (111-112) in Montana
MTFARMNGSP
Number of Insured Nonmember Commercial Banks in Montana
X08CBNMBIMT
Chain-Type Quantity Index for Real GDP: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Montana
MTFRBCIQGSP
Gross Domestic Product: Private Services-Providing Industries in Montana
MTPRISERVPRONGSP
High-Propensity Business Applications: Total for All NAICS in Montana
BAHBATOTALSAMT
Real Value-Added Output for Private Nonfarm in Montana
IPUZNT010300000
Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Household Consumption Expenditures for Services for Montana (MTPCEHCE), retrieved from FRED.