Personal Consumption Expenditures: Services: Recreation Services for Montana
MTPCESRECSRV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,839.50
Year-over-Year Change
116.59%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Services: Recreation Services for Montana measures consumer spending on recreational services in the state. This trend is an important indicator of economic activity and consumer confidence.
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 expenditures on recreational services, such as entertainment, cultural events, and leisure activities, in the state of Montana. It is a component of the broader Personal Consumption Expenditures (PCE) measure, which is a key economic indicator used by policymakers and analysts.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
Trends in recreation services spending can provide insights into consumer behavior and the overall health of the Montana economy.
Key Facts
- Recreation services account for about 6% of total personal consumption in Montana.
- Spending on recreation services in Montana has grown by 25% over the past decade.
- The COVID-19 pandemic led to a sharp decline in recreation services spending in Montana in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures consumer spending on recreational services, such as entertainment, cultural events, and leisure activities, in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: Trends in recreation services spending can provide insights into consumer behavior and the overall health of the Montana 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: Policymakers and analysts use this data to understand consumer spending patterns and assess the economic conditions in Montana.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Recreation Services for Montana (MTPCESRECSRV), retrieved from FRED.