Personal Consumption Expenditures: Services: Housing and Utilities for Alabama
ALPCEHOUSUTL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36,873.80
Year-over-Year Change
47.73%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Services: Housing and Utilities for Alabama measures household spending on housing-related services in the state. This metric is a key indicator of consumer activity and economic well-being.
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 total dollar value of consumer expenditures on housing and utility services, such as rent, utilities, and household operations, for households in Alabama. It is a component of the broader Personal Consumption Expenditures (PCE) index and provides insights into a major area of consumer spending.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this metric to gauge consumer demand and the health of the housing market in Alabama.
Key Facts
- Measures consumer spending on housing and utilities in Alabama.
- A component of the broader Personal Consumption Expenditures index.
- Provides insights into a major area of household spending in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of consumer expenditures on housing-related services, such as rent, utilities, and household operations, for households in Alabama.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of consumer activity and economic well-being in Alabama, as housing and utilities represent a significant portion of household spending.
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: Policymakers and analysts use this metric to gauge consumer demand and the health of the housing market in Alabama, which can inform economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential revisions of the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Housing and Utilities for Alabama (ALPCEHOUSUTL), retrieved from FRED.