Personal Consumption Expenditures: Services: Housing and Utilities for Arkansas
ARPCEHOUSUTL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,849.80
Year-over-Year Change
47.09%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Services: Housing and Utilities for Arkansas measures consumer spending on housing and utility services in the state. This metric is a key indicator of economic activity and household finances.
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 the personal consumption expenditures for housing and utility services by consumers in Arkansas. It is a component of the broader personal consumption expenditures data, which is a major economic indicator used to gauge consumer demand and overall economic health.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and economists closely monitor this metric to understand trends in consumer spending and the state of the Arkansas economy.
Key Facts
- Arkansas consumers spent $X on housing and utilities in 20XX.
- Housing and utilities account for Y% of total personal consumption expenditures in Arkansas.
- Spending on this category has increased/decreased by Z% over the past year.
FAQs
Q: What does this economic trend measure?
A: This metric measures consumer spending on housing and utility services in the state of Arkansas, including rent, electricity, gas, and other related expenditures.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding household finances, consumer demand, and the overall health of the Arkansas economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this metric to gauge consumer spending patterns and make informed decisions about economic policy in Arkansas.
Q: Are there update delays or limitations?
A: This data is released on a quarterly basis, and there may be a lag of several months before the most recent figures are available.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Housing and Utilities for Arkansas (ARPCEHOUSUTL), retrieved from FRED.