Per Capita Personal Consumption Expenditures: Services: Recreation Services for Mississippi
MSPCEPCSRECSRV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,172.00
Year-over-Year Change
60.33%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the per capita personal consumption expenditures on recreation services in Mississippi. It is a key indicator of consumer spending and economic activity in the state.
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
Per capita personal consumption expenditures on recreation services in Mississippi is an important metric that reflects consumer demand and the health of the state's service sector. It is used by economists and policymakers to gauge economic conditions and consumer confidence.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This metric provides valuable insights for businesses, investors, and government officials monitoring the Mississippi economy.
Key Facts
- Recreation services account for a significant portion of consumer spending in Mississippi.
- This metric has shown steady growth over the past decade, indicating growing consumer confidence.
- Fluctuations in recreation services expenditures can signal broader economic trends in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the per capita personal consumption expenditures on recreation services in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into consumer spending patterns and the overall health of Mississippi's service sector, which is crucial for understanding the state's economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to monitor consumer confidence and make informed decisions about economic policy in Mississippi.
Q: Are there update delays or limitations?
A: The data is released by the U.S. Bureau of Economic Analysis on a regular schedule, but there may be some delays in the availability of the most recent figures.
Related Trends
Chain-Type Quantity Index for Real GDP: Motion Picture and Sound Recording Industries (512) in Mississippi
MSMOTPICSNDQGSP
Real Gross Domestic Product: Private Goods-Producing Industries in Mississippi
MSPRIGOODPRORGSP
Average Hourly Earnings of All Employees: Construction in Mississippi
SMU28000002000000003
Gross Domestic Product: Federal Civilian in Mississippi
MSGOVFEDCIVNGSP
Transportation Carbon Dioxide Emissions, Residential for Mississippi
EMISSCO2VCLACBMSA
Housing Inventory: Pending Listing Count in Mississippi
PENLISCOUMS
Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Recreation Services for Mississippi (MSPCEPCSRECSRV), retrieved from FRED.