Personal Consumption Expenditures: Goods for Missouri
MOPCEG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110,154.20
Year-over-Year Change
58.90%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Goods for Missouri trend measures consumer spending on goods in the state of Missouri. This economic indicator is important for understanding the strength of Missouri's consumer 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: Goods for Missouri statistic tracks the total dollar value of consumer spending on physical goods, such as food, clothing, and household items, by residents of Missouri. This data is a key gauge of Missouri's economic activity and consumer confidence.
Methodology
The data is collected through household surveys and business reporting by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this trend to assess the health of Missouri's consumer sector and make informed decisions about economic and fiscal policy.
Key Facts
- Missouri's personal consumption of goods was $278 billion in 2021.
- Goods spending accounts for 60% of total personal consumption in Missouri.
- Consumer spending on goods has grown by 4.2% annually in Missouri over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Personal Consumption Expenditures: Goods for Missouri trend measures the total dollar value of consumer spending on physical goods by residents of the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of Missouri's consumer economy and provides insights into consumer confidence and spending patterns in the state.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and business reporting by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health of Missouri's consumer sector and make informed decisions about economic and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods for Missouri (MOPCEG), retrieved from FRED.