Personal Consumption Expenditures: Services: Other Services for Iowa
IAPCEOSRV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,364.90
Year-over-Year Change
46.63%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Services: Other Services for Iowa metric tracks household spending on a variety of services in the state. This data provides important insights into consumer demand and the overall health of Iowa's economy.
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 measures personal consumption expenditures (PCE) for a broad category of other services in Iowa, including personal care, funeral, and laundry services. PCE is a key indicator of economic activity and consumer confidence.
Methodology
The data is collected through surveys of households and businesses and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this metric to understand trends in consumer spending and the service sector of Iowa's economy.
Key Facts
- Iowa's other services PCE was $6.7 billion in 2021.
- This category accounts for about 8% of total PCE in Iowa.
- Other services PCE has grown by 4.2% annually in Iowa over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks household spending on a variety of other services in Iowa, including personal care, funeral, and laundry services.
Q: Why is this trend relevant for users or analysts?
A: Personal consumption expenditures are a key indicator of economic activity and consumer confidence, making this data highly relevant for understanding the health of Iowa's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to understand trends in consumer spending and the service sector of Iowa's economy, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of approximately 3 months.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Other Services for Iowa (IAPCEOSRV), retrieved from FRED.