Personal Consumption Expenditures: Services: Household Consumption Expenditures for Services for District of Columbia
DCPCEHCE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43,013.30
Year-over-Year Change
65.96%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures household consumption expenditures for services in the District of Columbia. It provides insights into local consumer demand and spending patterns, which are important indicators for policymakers and economists.
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 Personal Consumption Expenditures: Services: Household Consumption Expenditures for Services for District of Columbia is a key metric that tracks consumer spending on services within the nation's capital. It offers valuable data on the state of the local economy and can help inform policy decisions.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis through surveys and economic modeling.
Historical Context
Analysts and policymakers monitor this trend to gauge the economic health and consumer confidence of the District of Columbia.
Key Facts
- Measures total consumer spending on services in DC.
- Provides insights into local economic performance.
- Can inform policy decisions and market forecasts.
FAQs
Q: What does this economic trend measure?
A: This trend measures household consumption expenditures for services in the District of Columbia, offering insights into local consumer demand and spending patterns.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the economic health and consumer confidence of the District of Columbia, which can inform policy decisions and market forecasts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis through surveys and economic modeling.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this trend to gauge the economic performance of the District of Columbia and make informed decisions about policy interventions.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting and potential limitations in the survey-based methodology, but the trend provides a reliable indicator of local consumer spending on services.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Household Consumption Expenditures for Services for District of Columbia (DCPCEHCE), retrieved from FRED.