Per Capita Personal Consumption Expenditures: Services for Southeast BEA Region
SESTPCEPCSRV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34,194.00
Year-over-Year Change
64.97%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Per Capita Personal Consumption Expenditures: Services for Southeast BEA Region' measures consumer spending on services in the Southeast region of the United States. It 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 economic series tracks the average per capita consumer spending on services, such as healthcare, transportation, and recreation, by individuals in the Southeast region of the U.S. It is widely used by economists and policymakers to assess regional consumption patterns and predict broader economic trends.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on surveys and economic accounts.
Historical Context
This metric is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The Southeast region includes Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.
- Services account for over 60% of personal consumption expenditures in the U.S.
- Per capita consumption expenditures are a reliable indicator of living standards and economic well-being.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average per capita spending by consumers on services, such as healthcare, transportation, and recreation, in the Southeast region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This indicator is widely used by economists and policymakers to assess regional consumption patterns and predict broader economic trends, as services expenditures make up a significant portion of overall consumer spending.
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 accounts.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions, as it provides insights into regional consumer demand and economic activity.
Q: Are there update delays or limitations?
A: The data is typically published on a quarterly basis, with a delay of several weeks. There may be revisions to earlier estimates as more complete information becomes available.
Related Trends
Real Gross Domestic Product: Professional, Scientific, and Technical Services (54) in the Southeast BEA Region
SESTPROSCITCHRGSP
Chain-Type Quantity Index for Real GDP: Performing Arts, Spectator Sports, Museums, and Related Activities (711-712) in the Southeast BEA Region
SESTPRFRMSPRTMSMQGSP
Chain-Type Quantity Index for Real GDP: Private Industries in the Southeast BEA Region
SESTPIQGSP
Gross Domestic Product: Computer Systems Design and Related Services (5415) in the Southeast BEA Region
SESTCPUSYSDSGNNGSP
Real Gross Domestic Product: Wood Product Manufacturing (321) in the Southeast BEA Region
SESTWPMANRGSP
Gross Domestic Product: All Industry Total in the Southeast BEA Region
SESTNQGSP
Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services for Southeast BEA Region (SESTPCEPCSRV), retrieved from FRED.