Personal Consumption Expenditures: Total for Missouri
MOPCE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
322,803.90
Year-over-Year Change
62.14%
Date Range
1/1/1997 - 1/1/2023
Summary
Personal Consumption Expenditures (PCE) is a key measure of consumer spending in Missouri, tracking the total value of goods and services purchased by households. It is a crucial indicator of economic activity and consumer confidence.
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
PCE represents the total market value of all goods and services purchased by households in Missouri. It is a broad measure that includes spending on durable goods, nondurable goods, and services. PCE is closely watched by economists and policymakers as a gauge of consumer demand and economic health.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
PCE trends are used to inform monetary and fiscal policy decisions that can impact consumer spending, inflation, and overall economic growth.
Key Facts
- Missouri's PCE totaled $325 billion in 2021.
- PCE accounts for over 60% of Missouri's gross state product.
- Services make up the largest share of PCE in Missouri at 65%.
FAQs
Q: What does this economic trend measure?
A: The Personal Consumption Expenditures (PCE) trend measures the total value of goods and services purchased by households in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: PCE is a key indicator of consumer demand and economic activity in Missouri. It is closely watched by economists, policymakers, and businesses to gauge consumer confidence and spending patterns.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Trends in Missouri's PCE are used to inform monetary and fiscal policy decisions that can impact consumer spending, inflation, and overall economic growth in the state.
Q: Are there update delays or limitations?
A: The PCE data for Missouri is published quarterly with a lag of approximately 2-3 months.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Total for Missouri (MOPCE), retrieved from FRED.