Personal Consumption Expenditures: Services: Transportation Services for Wisconsin
WIPCETRANS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,982.70
Year-over-Year Change
73.37%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Services: Transportation Services for Wisconsin measures consumer spending on transportation services in the state. This metric is important for understanding economic activity and consumer behavior.
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 series tracks household expenditures on transportation services, including public transit, taxis, and other ground transportation within Wisconsin. It provides insights into consumer demand and discretionary spending patterns in the state.
Methodology
The data is collected through household surveys by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this metric to assess the health of Wisconsin's transportation sector and broader consumer economy.
Key Facts
- Wisconsin's transportation services spending has grown steadily over the past decade.
- Expenditures on transportation services account for around 5% of total consumer spending in the state.
- The COVID-19 pandemic led to a sharp decline in transportation services spending in 2020.
FAQs
Q: What does this economic trend measure?
A: This metric tracks household expenditures on transportation services, including public transit, taxis, and other ground transportation within the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer demand and discretionary spending patterns in Wisconsin, which is useful for understanding the state's economic activity and transportation sector.
Q: How is this data collected or calculated?
A: The data is collected through household surveys by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of Wisconsin's transportation sector and broader consumer economy.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have a delay of several months in reporting.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Transportation Services for Wisconsin (WIPCETRANS), retrieved from FRED.