Gross Domestic Product: Accommodation and Food Services (72) in Mississippi
Quarterly, Seasonally Adjusted Annual Rate
MSACCOMDNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,802.10
Year-over-Year Change
16.07%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (MSACCOMDNQGSP) measures the seasonally adjusted, annualized value of U.S. accommodation and food services sales. This provides a key indicator of consumer spending and economic activity.
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 Quarterly, Seasonally Adjusted Annual Rate tracks the total value of sales from the accommodation and food services sector on a quarterly basis. This data is used by economists and policymakers to analyze trends in consumer demand and the broader service-based economy.
Methodology
The data is collected through monthly surveys of businesses and calculated to an annualized, seasonally adjusted figure.
Historical Context
Accommodation and food services sales are an important component of consumer spending, which is a major driver of U.S. economic growth.
Key Facts
- The accommodation and food services sector accounts for over $1 trillion in annual U.S. sales.
- Seasonal adjustments help identify underlying economic trends by removing predictable calendar effects.
- Quarterly, annualized data provides a more comprehensive view than monthly figures.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (MSACCOMDNQGSP) tracks the total sales value from the U.S. accommodation and food services sector on a quarterly, annualized basis.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into consumer spending patterns and the overall health of the service-based economy, which is a key driver of U.S. economic growth.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses and then calculated to an annualized, seasonally adjusted figure.
Q: How is this trend used in economic policy?
A: Accommodation and food services sales are closely monitored by economists, analysts, and policymakers as an indicator of consumer demand and overall economic activity.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a slight delay to allow for collection and seasonal adjustments.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (MSACCOMDNQGSP), retrieved from FRED.