Personal Consumption Expenditures: Services: Recreation Services for Iowa
IAPCESRECSRV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,638.10
Year-over-Year Change
38.27%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on recreation services in Iowa. It provides insights into consumer spending patterns and the strength of the state's service 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
The Personal Consumption Expenditures: Services: Recreation Services for Iowa metric tracks consumer spending on leisure and entertainment activities within the state. It is an important indicator of consumer confidence and the overall health of the service sector in Iowa's economy.
Methodology
The data is collected and reported by the U.S. Bureau of Economic Analysis as part of its state-level personal consumption expenditures series.
Historical Context
This metric is closely monitored by policymakers, businesses, and economists to gauge consumer behavior and the broader economic climate in Iowa.
Key Facts
- Iowa's recreation services spending reached a record high in 2021.
- Consumer spending on recreation services accounts for over 5% of total personal consumption in Iowa.
- Recreation services expenditures in Iowa have grown faster than the national average in recent years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks personal consumption expenditures on recreation services in the state of Iowa, including spending on leisure activities, entertainment, and other related services.
Q: Why is this trend relevant for users or analysts?
A: The recreation services expenditure trend provides valuable insights into consumer behavior and the strength of Iowa's service sector economy. It is closely monitored by policymakers, businesses, and economists to gauge consumer confidence and economic conditions in the state.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Bureau of Economic Analysis as part of its state-level personal consumption expenditures series.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use this metric to assess consumer spending patterns, the health of the service sector, and the overall economic climate in Iowa. It informs decision-making on fiscal and monetary policies, as well as business investment and strategy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months. There may also be revisions to historical data as more complete information becomes available.
Related Trends
Gross Domestic Product: Private Industries in Iowa
IAPINQGSP
Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in Iowa
IATRANSWAREQGSP
All Employees: Administrative and Support and Waste Management and Remediation Services in Iowa
SMU19000006056000001A
Real Gross Domestic Product: Ambulatory Health Care Services (621) in Iowa
IAAMBHCRGSP
Value of Exports to Spain from Iowa
IAESPA052SCEN
All Employees: Mining, Logging, and Construction in Iowa
SMS19000001500000001
Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Recreation Services for Iowa (IAPCESRECSRV), retrieved from FRED.