Personal Consumption Expenditures: Services: Housing and Utilities for Pennsylvania
PAPCEHOUSUTL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118,551.60
Year-over-Year Change
54.74%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures consumer spending on housing and utility services in Pennsylvania. It is an important indicator of local economic activity and consumer confidence.
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: Housing and Utilities for Pennsylvania series tracks the total consumer spending on housing and utility services, such as rent, electricity, and natural gas, within the state. This metric provides insights into the cost of living and consumer demand for essential services.
Methodology
The data is collected through surveys of consumers and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is closely monitored by policymakers and economists to assess the strength of the Pennsylvania economy and household finances.
Key Facts
- Pennsylvania consumers spent $X.XX billion on housing and utilities in [latest year].
- Housing and utility costs account for approximately X% of total personal consumption expenditures in Pennsylvania.
- This trend has increased/decreased by X% over the past [time period].
FAQs
Q: What does this economic trend measure?
A: This trend measures the total consumer spending on housing and utility services, such as rent, electricity, and natural gas, within the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the cost of living and consumer demand for essential services in Pennsylvania, which is useful for policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumers and businesses by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and economists to assess the strength of the Pennsylvania economy and household finances, which can inform decisions on economic policies and programs.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with a delay of several weeks. There may be revisions to previously reported figures as more complete information becomes available.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Housing and Utilities for Pennsylvania (PAPCEHOUSUTL), retrieved from FRED.