Personal Consumption Expenditures: Services: Housing and Utilities for Montana
MTPCEHOUSUTL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,687.30
Year-over-Year Change
81.63%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Services: Housing and Utilities for Montana metric measures consumer spending on housing and utility services in the state. This data provides valuable insights into the cost of living and consumer behavior in Montana.
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 Montana residents' expenditures on housing, electricity, gas, and other household utilities. It is a component of the broader Personal Consumption Expenditures (PCE) data and offers a detailed view of an important part of the state's consumer economy.
Methodology
The data is collected through surveys and reported by the U.S. Bureau of Economic Analysis.
Historical Context
Economists and policymakers use this metric to assess cost-of-living trends and consumer demand in Montana.
Key Facts
- Montana's housing and utility costs make up a significant portion of personal consumption expenditures.
- This metric has shown steady growth over the past decade, reflecting rising housing and utility prices in the state.
- Changes in this indicator can signal shifts in consumer behavior and the overall cost of living in Montana.
FAQs
Q: What does this economic trend measure?
A: This metric measures consumer spending on housing, electricity, gas, and other household utilities in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into the cost of living and consumer behavior in Montana, which is useful for economists, policymakers, and residents alike.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reported by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess cost-of-living trends and consumer demand in Montana, which can inform decisions related to economic development, housing, and utility regulation.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Bureau of Economic Analysis, but may be subject to revisions and may not capture the most recent economic conditions.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Housing and Utilities for Montana (MTPCEHOUSUTL), retrieved from FRED.