Personal Consumption Expenditures: Services: Household Consumption Expenditures for Services for Missouri
MOPCEHCE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
203,013.30
Year-over-Year Change
63.49%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Services: Household Consumption Expenditures for Services for Missouri measures consumer spending on services within the state. This metric is a key indicator of economic activity and consumer demand.
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 tracks household expenditures on various service categories, including healthcare, recreation, and utilities, providing insights into Missouri's consumer economy. It is used by economists and policymakers to assess consumer trends and guide fiscal and monetary decisions.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through household surveys and other sources.
Historical Context
This metric informs analyses of consumer spending patterns and their impact on the broader Missouri economy.
Key Facts
- Missouri's services expenditures account for over 60% of total personal consumption.
- Consumer spending on services has grown faster than goods in Missouri over the past decade.
- Healthcare is the largest component of services expenditures in the state.
FAQs
Q: What does this economic trend measure?
A: This metric tracks household consumption expenditures on various service categories in the state of Missouri, including healthcare, recreation, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into Missouri's consumer economy and helps inform analyses of consumer spending patterns and their impact on the broader state economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through household surveys and other sources.
Q: How is this trend used in economic policy?
A: This metric informs analyses of consumer spending and is used by economists and policymakers to assess consumer trends and guide fiscal and monetary decisions in Missouri.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be revisions to historical values over time.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Household Consumption Expenditures for Services for Missouri (MOPCEHCE), retrieved from FRED.