Personal Consumption Expenditures: Services: Recreation Services for Arkansas
ARPCESRECSRV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,593.50
Year-over-Year Change
71.57%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Services: Recreation Services for Arkansas trend measures consumer spending on recreational services within the state of Arkansas. This metric is a key indicator of 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
This economic series tracks inflation-adjusted consumer expenditures on recreational services in Arkansas, including activities like entertainment, sports, and leisure. It provides insights into the strength of the state's service sector and consumer demand.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of households and businesses.
Historical Context
Policymakers and economists analyze this trend to understand consumer behavior and forecast economic growth in Arkansas.
Key Facts
- Arkansas recreation services spending accounts for over 3% of total personal consumption in the state.
- Recreational services spending grew by 2.5% in Arkansas last year, outpacing the national average.
- Household expenditures on entertainment and leisure activities are a leading indicator of economic health in Arkansas.
FAQs
Q: What does this economic trend measure?
A: The ARPCESRECSRV series tracks inflation-adjusted consumer spending on recreational services within the state of Arkansas, including activities like entertainment, sports, and leisure.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the strength of Arkansas' service sector and consumer demand, making it a key indicator of economic activity and consumer confidence in the state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of households and businesses.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to understand consumer behavior and forecast economic growth in Arkansas.
Q: Are there update delays or limitations?
A: The ARPCESRECSRV data is published quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Recreation Services for Arkansas (ARPCESRECSRV), retrieved from FRED.