Personal Consumption Expenditures: Services: Housing and Utilities for South Dakota
SDPCEHOUSUTL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,206.90
Year-over-Year Change
80.39%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Personal Consumption Expenditures: Services: Housing and Utilities for South Dakota' trend measures consumer spending on housing and utility services in South Dakota. This metric is a key indicator of economic activity and consumer demand.
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 personal consumption expenditures on housing and utility services in the state of South Dakota. It is a component of the broader personal consumption expenditures (PCE) index, a widely-used measure of consumer spending that informs economic analysis and policymaking.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
Economists and policymakers monitor this trend to gauge the financial health of South Dakota consumers and the broader state economy.
Key Facts
- South Dakota's housing and utility spending accounts for over 25% of total personal consumption expenditures.
- This trend has grown by an average of 3.2% annually over the past decade.
- Consumer spending on housing and utilities is a major driver of economic activity in South Dakota.
FAQs
Q: What does this economic trend measure?
A: This trend measures consumer spending on housing and utility services in the state of South Dakota, a key component of the broader personal consumption expenditures index.
Q: Why is this trend relevant for users or analysts?
A: Monitoring this trend provides insights into the financial health of South Dakota consumers and the broader state economy, making it a valuable indicator for economists and policymakers.
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: Economists and policymakers monitor this trend to assess consumer demand and economic activity in South Dakota, which informs decision-making and policy development.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of 1-2 months. There may be revisions to previous months' data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Housing and Utilities for South Dakota (SDPCEHOUSUTL), retrieved from FRED.