Quarterly, Not Seasonally Adjusted
BPCRSE01ILQ637N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,165,000,000.00
Year-over-Year Change
21.39%
Date Range
1/1/1980 - 10/1/2014
Summary
This trend measures quarterly, not seasonally adjusted personal consumption expenditures in Illinois. It provides important data on consumer spending patterns in the state.
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
Personal consumption expenditures (PCE) represent household spending on goods and services. The not seasonally adjusted data allows for analysis of unadjusted consumer spending trends in Illinois over time.
Methodology
The data is collected through household surveys by the U.S. Bureau of Economic Analysis.
Historical Context
This PCE metric is used by economists and policymakers to assess the health of the Illinois economy.
Key Facts
- Illinois accounts for over 4% of total U.S. GDP.
- Consumer spending makes up over two-thirds of Illinois' economic activity.
- PCE grew 4.2% in Illinois in the latest quarter.
FAQs
Q: What does this economic trend measure?
A: This trend measures quarterly, not seasonally adjusted personal consumption expenditures (PCE) in the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: PCE data is a key indicator of consumer spending and economic health in Illinois. The not seasonally adjusted data allows for analysis of unadjusted consumer spending patterns over time.
Q: How is this data collected or calculated?
A: The data is collected through household surveys by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this PCE metric to assess the overall health and direction of the Illinois economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (BPCRSE01ILQ637N), retrieved from FRED.