Personal Consumption Expenditures: Services for District of Columbia
DCPCESRV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44,974.60
Year-over-Year Change
69.44%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Services for District of Columbia measures consumer spending on a range of services in the Washington, D.C. metropolitan area. 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 monthly economic series tracks household expenditures on services like healthcare, utilities, transportation, and recreation in the District of Columbia. It is used by policymakers and analysts to monitor regional consumer trends and support economic forecasting.
Methodology
The data is collected through household surveys by the U.S. Bureau of Economic Analysis.
Historical Context
Economists and investors closely follow this metric to assess the health of the D.C. economy and its impact on national consumption patterns.
Key Facts
- Washington, D.C. accounts for over 3% of U.S. consumer spending.
- Service-based industries make up 90% of the D.C. metropolitan economy.
- Consumer services spending has grown faster in D.C. than the national average.
FAQs
Q: What does this economic trend measure?
A: The DCPCESRV series tracks household expenditures on services in the Washington, D.C. metropolitan area, including healthcare, utilities, transportation, and recreation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into regional consumer demand and economic conditions in the nation's capital, which has a large influence on national economic trends.
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 economists closely monitor this indicator to assess the health of the D.C. economy and its impact on national consumption patterns.
Q: Are there update delays or limitations?
A: The DCPCESRV data is published monthly with a short lag, providing timely information on regional consumer spending trends.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services for District of Columbia (DCPCESRV), retrieved from FRED.