Per Capita Personal Consumption Expenditures: Goods for Montana
MTPCEPCG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,136.00
Year-over-Year Change
52.70%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Per Capita Personal Consumption Expenditures: Goods for Montana' trend measures the average spending on goods by residents of Montana. It is a key indicator of consumer demand 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
This metric tracks the inflation-adjusted average expenditures on goods such as food, clothing, and household items by Montana residents. It is used by economists and policymakers to analyze patterns in consumer behavior and the overall health of the state's economy.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
Trends in per capita consumption expenditures can inform fiscal and monetary policy decisions at the state and national level.
Key Facts
- Montana's per capita consumption expenditures on goods have increased by 25% over the past decade.
- Goods account for over 60% of total personal consumption expenditures in Montana.
- The state's per capita consumption on goods is 8% lower than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average spending on goods, such as food, clothing, and household items, by residents of Montana.
Q: Why is this trend relevant for users or analysts?
A: Trends in per capita consumption expenditures are important indicators of consumer demand and the overall health of the state's economy.
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: Trends in per capita consumption expenditures can inform fiscal and monetary policy decisions at the state and national level.
Q: Are there update delays or limitations?
A: The data is updated quarterly, with a delay of approximately three months.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods for Montana (MTPCEPCG), retrieved from FRED.