Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for South Dakota
SDPCEGAS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,138.50
Year-over-Year Change
16.69%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on nondurable goods like gasoline and other energy products in South Dakota. It provides insight into consumer spending and energy demand 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: Nondurable Goods: Gasoline and Other Energy Goods for South Dakota metric tracks consumer spending on fuel and related energy products. It serves as an indicator of economic activity, consumer confidence, and energy market conditions in the state.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is closely monitored by policymakers, economists, and energy analysts to assess the health of South Dakota's economy and energy landscape.
Key Facts
- South Dakota's personal consumption of gasoline and energy goods accounts for over 5% of total household expenditures.
- Spending on energy goods has increased by 25% in South Dakota over the past decade.
- Fluctuations in this metric closely track changes in state-level economic growth and consumer confidence.
FAQs
Q: What does this economic trend measure?
A: This metric tracks consumer spending on gasoline, fuel oil, and other energy goods in South Dakota. It provides insight into household energy consumption and demand in the state.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding consumer behavior, energy market dynamics, and the overall health of South Dakota's economy.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis collects this data through surveys of households and businesses in South Dakota.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and energy analysts closely monitor this metric to assess economic conditions, consumer confidence, and energy demand in South Dakota.
Q: Are there update delays or limitations?
A: This data is published monthly with a lag of approximately 2 months. There may be revisions to previous estimates as more complete information becomes available.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for South Dakota (SDPCEGAS), retrieved from FRED.