Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Connecticut
CTPCEPCHOUSUTL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,560.00
Year-over-Year Change
55.00%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic indicator measures per capita personal consumption expenditures on housing and utilities services in Connecticut. It provides insights into consumer spending patterns and the cost of living 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
The Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Connecticut tracks the average amount spent by Connecticut residents on housing and utility services. This metric is a valuable indicator of economic conditions and consumer behavior in the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to assess the overall economic health and cost of living in Connecticut.
Key Facts
- Connecticut's per capita housing and utilities expenditures are above the national average.
- This metric has shown steady growth over the past decade.
- Housing and utilities account for a significant portion of total consumer spending in Connecticut.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent by Connecticut residents on housing and utility services, such as rent, mortgage payments, electricity, and natural gas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the cost of living and consumer spending patterns in Connecticut, which are important factors for policymakers, businesses, and individuals making decisions about the state's economy.
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 the Personal Consumption Expenditures (PCE) report.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to understand the financial burdens faced by Connecticut residents and to inform decisions on housing, utility, and economic policies in the state.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with a slight delay from the end of the reporting period. There may be revisions to the historical data as more information becomes available.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Connecticut (CTPCEPCHOUSUTL), retrieved from FRED.