Personal Consumption Expenditures: Services: Housing and Utilities for Delaware
DEPCEHOUSUTL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,639.80
Year-over-Year Change
64.00%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Personal Consumption Expenditures: Services: Housing and Utilities for Delaware' series measures consumer spending on housing and utility services in the state of Delaware. This metric is a key indicator of economic conditions and consumer confidence.
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 the dollar value of personal consumption expenditures for housing and utility services in Delaware, a critical component of overall personal consumption in the state. Economists and policymakers use this data to assess consumer demand, inflationary pressures, and the overall health of the Delaware economy.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
Changes in housing and utility expenditures can inform Federal Reserve interest rate decisions and state-level economic policies.
Key Facts
- Delaware's housing and utility expenditures account for over 25% of total personal consumption.
- This metric has shown steady year-over-year growth since 2015.
- Utility costs make up approximately 40% of the total housing and utilities expenditures in Delaware.
FAQs
Q: What does this economic trend measure?
A: The 'Personal Consumption Expenditures: Services: Housing and Utilities for Delaware' series measures consumer spending on housing and utility services in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic conditions and consumer confidence in Delaware, and is used by economists and policymakers to assess demand, inflation, and the overall health of the state's economy.
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: Changes in housing and utility expenditures can inform Federal Reserve interest rate decisions and state-level economic policies in Delaware.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 2-month delay from the end of the reporting period.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Housing and Utilities for Delaware (DEPCEHOUSUTL), retrieved from FRED.