Personal Consumption Expenditures: Services: Recreation Services for Delaware
DEPCESRECSRV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,845.60
Year-over-Year Change
63.59%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Services: Recreation Services for Delaware trend measures household spending on recreational services in the state. This statistic is a key indicator of consumer demand and economic 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
This series tracks total personal consumption expenditures on recreation services, including fees for entertainment, sports events, and other leisure activities, by Delaware residents. It is a component of the broader personal consumption expenditures metric used to assess consumer spending and economic health.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and economists monitor this trend to gauge consumer sentiment and the strength of the Delaware service economy.
Key Facts
- Delaware recreation services spending totaled $2.3 billion in 2021.
- This trend declined by 15% during the COVID-19 pandemic in 2020.
- Recreation services account for about 2.5% of total personal consumption in Delaware.
FAQs
Q: What does this economic trend measure?
A: This trend measures household spending on recreational services in the state of Delaware, including fees for entertainment, sports events, and other leisure activities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer demand and economic activity in Delaware's service sector, making it a valuable indicator for policymakers and economists.
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: Policymakers and analysts monitor this trend to gauge consumer sentiment and the strength of the Delaware service economy, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: This data is published quarterly with a lag of several months, so there may be delays in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Recreation Services for Delaware (DEPCESRECSRV), retrieved from FRED.