Personal Consumption Expenditures: Services: Recreation Services for Mississippi
MSPCESRECSRV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,445.00
Year-over-Year Change
58.30%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Services: Recreation Services for Mississippi trend measures spending on recreational services in the state, providing insights into consumer demand 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
This data series tracks household spending on recreation services, including entertainment, sports, and other leisure activities, in the state of Mississippi. It is an important indicator of consumer spending patterns and the health of the local service economy.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this metric to assess the performance of Mississippi's consumer services sector and make informed decisions.
Key Facts
- The series dates back to 1997.
- Recreation services account for a significant portion of household spending in Mississippi.
- Trends in this data can signal changes in consumer confidence and spending patterns.
FAQs
Q: What does this economic trend measure?
A: This trend measures household spending on recreation services, such as entertainment, sports, and leisure activities, in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand and the health of Mississippi's service sector, which is important for understanding the state's overall economic performance.
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 analysts use this metric to assess the performance of Mississippi's consumer services sector and make informed decisions about economic policy and investment.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by the U.S. Bureau of Economic Analysis, with typical update delays of a few months.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Recreation Services for Mississippi (MSPCESRECSRV), retrieved from FRED.