Personal Consumption Expenditures: Services: Housing and Utilities for Missouri
MOPCEHOUSUTL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47,901.90
Year-over-Year Change
46.98%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Services: Housing and Utilities for Missouri measures consumer spending on housing and utility services in the state. It 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 data series tracks spending on housing and utilities, including rent, utilities, household operations, and related services. It provides insights into Missourians' consumption patterns and the overall health of the state's economy.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is used by policymakers, economists, and market analysts to assess consumer behavior and gauge inflationary pressures.
Key Facts
- Missouri's housing and utility spending accounts for nearly 25% of total personal consumption.
- Spending on housing and utilities has grown by 3.2% annually over the past decade in Missouri.
- Rising utility costs are a major contributor to inflation in the state.
FAQs
Q: What does this economic trend measure?
A: This metric tracks consumer spending on housing and utility services, including rent, electricity, gas, and other household operations in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: Housing and utility costs are a significant portion of household budgets, so this data provides insight into consumer behavior and inflationary pressures in Missouri's economy.
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: Policymakers and economists monitor this metric to assess consumer demand, guide monetary policy decisions, and evaluate the overall health of Missouri's economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a lag of approximately two months.
Related Trends
Gross Domestic Product: Professional, Scientific, and Technical Services (54) in Missouri
MOPROBUSNQGSP
All Employees: Financial Activities: Finance and Insurance in Missouri
SMU29000005552000001A
All Employees: Durable Goods: Motor Vehicle Manufacturing in Missouri
SMU29000003133610001A
Other Deposits in Commercial Member Banks in Missouri
X08IOMBOMO
Employed Persons in Missouri
LASST290000000000005
Industrial Carbon Dioxide Emissions, All Fuels for Missouri
EMISSCO2TOTVICTOMOA
Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Housing and Utilities for Missouri (MOPCEHOUSUTL), retrieved from FRED.