Per Capita Personal Consumption Expenditures: Services: Recreation Services for Connecticut
CTPCEPCSRECSRV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,662.00
Year-over-Year Change
70.31%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on recreation services in the state of Connecticut. It is an important indicator of consumer spending and economic activity.
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: Recreation Services for Connecticut series tracks the average amount spent by Connecticut residents on recreational services such as entertainment, sports, and hobby-related activities. This metric provides insight into consumer behavior and the strength of the state's service economy.
Methodology
The data is collected through household surveys and compiled by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is closely monitored by policymakers and analysts to assess the health of Connecticut's consumer sector and broader economic conditions.
Key Facts
- Connecticut residents spent an average of $2,500 on recreation services in 2021.
- Recreation services account for 5% of total personal consumption expenditures in Connecticut.
- This trend has increased by 3.2% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the per capita personal consumption expenditures on recreation services in the state of Connecticut, including spending on entertainment, sports, and hobby-related activities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer behavior and the strength of Connecticut's service economy, which is important for policymakers and analysts assessing the state's overall economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled 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 analysts to assess the health of Connecticut's consumer sector and guide economic policies and decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately three months, and may be subject to revisions based on updated information.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Recreation Services for Connecticut (CTPCEPCSRECSRV), retrieved from FRED.