Personal Consumption Expenditures: Services: Household Consumption Expenditures for Services for Delaware
DEPCEHCE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39,003.20
Year-over-Year Change
72.20%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Services: Household Consumption Expenditures for Services for Delaware trend measures consumer spending on services in the state of Delaware. This metric 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 trend represents Delaware residents' total expenditures on services, including categories like healthcare, utilities, recreation, and transportation. It is a valuable indicator for economists and policymakers to gauge the health of the state's consumer economy.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is closely monitored by the Federal Reserve and other institutions to inform economic policy decisions.
Key Facts
- Delaware's services expenditures account for over 60% of total personal consumption.
- Service sector spending has grown faster than goods spending in Delaware over the past decade.
- The COVID-19 pandemic caused a sharp decline in Delaware services expenditures in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total household expenditures on services in the state of Delaware, including categories like healthcare, utilities, recreation, and transportation.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of consumer demand and economic activity in Delaware, providing valuable insights for economists, policymakers, and businesses.
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: The Federal Reserve and other institutions closely monitor this metric to inform decisions on monetary and fiscal policy for the state and national economy.
Q: Are there update delays or limitations?
A: The data is released quarterly with a typical 2-3 month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Household Consumption Expenditures for Services for Delaware (DEPCEHCE), retrieved from FRED.