Personal Consumption Expenditures: Services: Transportation Services for Mississippi
MSPCETRANS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,993.30
Year-over-Year Change
76.61%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Services: Transportation Services for Mississippi measures consumer spending on transportation services in the state. This data provides insights into economic activity and consumer behavior.
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 economic indicator tracks household expenditures on various transportation services in Mississippi, including public transportation, taxis, and other for-hire transportation. It is a key component of the broader Personal Consumption Expenditures (PCE) index, a widely-used measure of consumer demand.
Methodology
The data is collected through household surveys and compiled by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this data to assess consumer trends and the overall health of the state's economy.
Key Facts
- Transportation services account for a significant portion of household budgets in Mississippi.
- Spending on transportation services is closely tied to employment and income levels.
- Trends in this data can signal changes in consumer confidence and the broader economic environment.
FAQs
Q: What does this economic trend measure?
A: This indicator measures consumer spending on various transportation services in the state of Mississippi, including public transportation, taxis, and other for-hire transportation.
Q: Why is this trend relevant for users or analysts?
A: Trends in transportation services spending provide insights into consumer behavior and the overall health of the state's economy, making this data relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess consumer trends and the overall health of Mississippi's economy, which can inform policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by the U.S. Bureau of Economic Analysis, but there may be some delays in reporting due to the survey-based nature of the data collection.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Transportation Services for Mississippi (MSPCETRANS), retrieved from FRED.