Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Southeast BEA Region
SESTPCEPCHOUSUTL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,436.00
Year-over-Year Change
55.27%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on housing and utilities services in the Southeast region of the United States. It provides insights into regional consumer spending patterns and cost of living.
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 Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Southeast BEA Region tracks household spending on housing-related services such as rent, utilities, and other housing costs in the Southeast United States. It is a key indicator of regional standard of living and cost pressures faced by consumers.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on household surveys and other economic indicators.
Historical Context
Policymakers and economists analyze this metric to understand regional variations in the cost of living and consumer behavior.
Key Facts
- The Southeast region includes Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.
- Housing and utilities account for the largest portion of personal consumption expenditures in the Southeast region.
- This metric is adjusted for inflation to provide real, rather than nominal, per capita spending figures.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on housing and utilities services in the Southeast region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into regional consumer spending patterns and cost of living, which are important for policymakers and economists analyzing economic conditions in the Southeast.
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 household surveys and other economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this metric to understand regional variations in the cost of living and consumer behavior, which can inform decisions on economic development, social programs, and other policy initiatives.
Q: Are there update delays or limitations?
A: The data is published quarterly by the BEA, with some potential for delays in data availability.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Southeast BEA Region (SESTPCEPCHOUSUTL), retrieved from FRED.