Personal Consumption Expenditures: Services: Other Services for Delaware
DEPCEOSRV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,270.20
Year-over-Year Change
65.16%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Personal Consumption Expenditures: Services: Other Services for Delaware' series measures consumer spending on a variety of personal services within the state of Delaware. This data 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 economic indicator tracks total consumer expenditures on services that are not classified as healthcare, housing, transportation, or recreation. The 'Other Services' category includes personal care, social services, and a range of other discretionary services.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is used by policymakers, economists, and investors to assess the health of Delaware's consumer economy.
Key Facts
- Delaware's 'Other Services' expenditures total over $6 billion annually.
- This category accounts for 15% of total personal consumption in Delaware.
- Spending on 'Other Services' has grown steadily in Delaware over the past decade.
FAQs
Q: What does this economic trend measure?
A: This data series tracks consumer spending on personal services in the state of Delaware, excluding healthcare, housing, transportation, and recreation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into a key component of consumer demand and economic activity within Delaware's services sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors use this data to assess the health of Delaware's consumer economy and make informed decisions.
Q: Are there update delays or limitations?
A: This data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Other Services for Delaware (DEPCEOSRV), retrieved from FRED.