Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Montana
MTPCEFCENPISH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,084.70
Year-over-Year Change
79.65%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures for services provided by nonprofit institutions serving households in Montana. It is an important 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
The Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Montana represents the value of services consumed by households through nonprofit organizations located in the state. This data series is used by economists and policymakers to analyze patterns of consumer behavior and the overall health of Montana's economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
This metric is widely used to inform economic and fiscal policy decisions at the state level.
Key Facts
- Covers over $3 billion in annual consumer spending in Montana.
- Has grown by 25% over the past decade.
- Accounts for approximately 4% of total personal consumption in the state.
FAQs
Q: What does this economic trend measure?
A: This metric measures the final consumption expenditures of nonprofit institutions serving households in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding patterns of consumer behavior and the overall health of Montana's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Q: How is this trend used in economic policy?
A: This metric is widely used to inform economic and fiscal policy decisions at the state level in Montana.
Q: Are there update delays or limitations?
A: There may be some delays in data availability, but the series is updated regularly by the Federal Reserve.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Montana (MTPCEFCENPISH), retrieved from FRED.