Per Capita Personal Consumption Expenditures: Services: Other Services for Delaware
DEPCEPCOSRV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,107.00
Year-over-Year Change
45.37%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on other services in Delaware. It provides insights into consumer spending patterns and the state's service sector activity.
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 Per Capita Personal Consumption Expenditures: Services: Other Services for Delaware tracks consumer spending on a variety of services, excluding healthcare, housing, and utilities. This metric helps economists and policymakers analyze consumer demand and the overall health of Delaware's service industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic models.
Historical Context
This trend is useful for understanding consumer behavior, service sector performance, and broader economic conditions in Delaware.
Key Facts
- The data is available on a quarterly basis.
- Other services include personal care, funeral, and repair services.
- Delaware's per capita other services spending is influenced by its economy and demographic factors.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on a variety of services, excluding healthcare, housing, and utilities, in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending patterns and the performance of Delaware's service sector, which is important for understanding the state's overall economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic models.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and market analysts to assess consumer demand, service sector activity, and broader economic conditions in Delaware.
Q: Are there update delays or limitations?
A: The data is available on a quarterly basis, with potential delays in the release of the most recent figures.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Other Services for Delaware (DEPCEPCOSRV), retrieved from FRED.