Per Capita Personal Consumption Expenditures: Services: Recreation Services for Indiana
INPCEPCSRECSRV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,363.00
Year-over-Year Change
64.22%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic indicator measures per capita personal consumption expenditures on recreation services in Indiana. It provides insights into consumer spending patterns and 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 per capita personal consumption expenditures on recreation services metric tracks Hoosiers' spending on entertainment, sports, and leisure activities. This data offers valuable insights into consumer behavior and the health of Indiana's service sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their comprehensive personal consumption expenditures estimates.
Historical Context
This trend is closely monitored by economists, policymakers, and businesses to understand Indiana's economic conditions and consumer preferences.
Key Facts
- Indiana's per capita recreation spending is above the national average.
- Recreation services account for a significant portion of the state's service economy.
- Trends in this metric help predict changes in consumer demand and business investment.
FAQs
Q: What does this economic trend measure?
A: This metric tracks per capita personal consumption expenditures on recreation services in Indiana, including spending on entertainment, sports, and leisure activities.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into consumer behavior and the health of Indiana's service sector, which is closely monitored by economists, policymakers, and businesses.
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 their comprehensive personal consumption expenditures estimates.
Q: How is this trend used in economic policy?
A: Trends in this metric help predict changes in consumer demand and business investment, which are important considerations for economic policymakers and market analysts.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential revisions as the broader personal consumption expenditures estimates published by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Recreation Services for Indiana (INPCEPCSRECSRV), retrieved from FRED.