Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Southeast BEA Region
SESTPCEPCFCENPISH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
622.00
Year-over-Year Change
49.16%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on services provided by nonprofit institutions serving households in the Southeast region of the United States. It is an important indicator of consumer spending and economic activity in the region.
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
Per capita personal consumption expenditures on services by nonprofit institutions serving households is a key measure of economic activity and consumer demand in a specific geographic region. This data helps analysts and policymakers understand spending patterns and the role of the nonprofit sector in the regional economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on surveys and economic modeling.
Historical Context
This metric is used by economists, investors, and policymakers to assess regional economic conditions and consumer behavior.
Key Facts
- Covers the Southeast BEA region, including Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.
- Measures final consumption expenditures of nonprofit institutions serving households, a key component of personal consumption expenditures.
- Can signal changes in consumer demand, nonprofit activity, and overall economic conditions in the Southeast region.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on services provided by nonprofit institutions serving households in the Southeast region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of consumer spending and economic activity in the Southeast region, helping analysts and policymakers understand regional economic conditions and the role of the nonprofit sector.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on surveys and economic modeling.
Q: How is this trend used in economic policy?
A: This metric is used by economists, investors, and policymakers to assess regional economic conditions and consumer behavior, which can inform policy decisions and market strategies.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and methodological limitations of the BEA's regional economic accounts.
Related Trends
Chain-Type Quantity Index for Real GDP: All Industry Total in the Southeast BEA Region
SESTQQGSP
Real Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in the Southeast BEA Region
SESTDURMANRGSP
Real Gross Domestic Product: Apparel, Leather, and Allied Product Manufacturing (315-316) in the Southeast BEA Region
SESTAPPLEATHMANRGSP
Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Southeast BEA Region
SESTPCEPCGONPI
Real Gross Domestic Product: Professional and Business Services (54, 55, 56) in the Southeast BEA Region
SESTPROBUSRGSP
Real Gross Domestic Product: Motion Picture and Sound Recording Industries (512) in the Southeast BEA Region
SESTMOTPICSNDRGSP
Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Southeast BEA Region (SESTPCEPCFCENPISH), retrieved from FRED.