Personal Consumption Expenditures: Services: Housing and Utilities for Nebraska
NEPCEHOUSUTL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,343.80
Year-over-Year Change
54.06%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Services: Housing and Utilities for Nebraska measures household spending on housing-related services in the state. This metric is an important indicator of consumer demand and economic activity.
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 rent, utilities, and other housing-related services in Nebraska. It provides insights into consumer behavior and the strength of the local housing market, which are key factors for policymakers and analysts monitoring the state's economic conditions.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
Housing and utility costs are a significant portion of consumer budgets, so this metric helps illuminate trends in consumer spending and the broader economy.
Key Facts
- Housing and utilities make up over 20% of total consumer spending in Nebraska.
- This metric has shown steady growth over the past decade.
- Utilities are the largest component, accounting for about 60% of housing-related expenditures.
FAQs
Q: What does this economic trend measure?
A: This data series tracks household spending on rent, utilities, and other housing-related services in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: Housing and utility costs are a significant portion of consumer budgets, so this metric provides insights into consumer behavior and the strength of the local housing market, which are key factors for policymakers and analysts monitoring the state's economic conditions.
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: This metric helps illuminate trends in consumer spending and the broader economy, which is relevant for policymakers, economists, and market analysts.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be some delays in reporting due to the survey-based methodology.
Related Trends
All Employees: Government in Nebraska
NEGOVT
Chain-Type Quantity Index for Real GDP: Furniture and Related Product Manufacturing (337) in Nebraska
NEFURNMANQGSP
New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Nebraska
NEBP1FHSA
Gross Domestic Product: Data Processing, Hosting, and Other Information Services (518-519) in Nebraska
NEDATAWWWNGSP
Health Care and Social Assistance Wages and Salaries in Nebraska
NEWHEA
Real Gross Domestic Product: Professional, Scientific, and Technical Services (54) in Nebraska
NEPROSCITCHRGSP
Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Housing and Utilities for Nebraska (NEPCEHOUSUTL), retrieved from FRED.