Personal Consumption Expenditures: Services: Transportation Services for Delaware
DEPCETRANS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,568.10
Year-over-Year Change
81.51%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Personal Consumption Expenditures: Services: Transportation Services for Delaware' trend measures consumer spending on transportation 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 series tracks the total dollar amount spent by Delaware residents on transportation services, including public transit, taxis, and other for-hire transportation. It is a component of the larger 'Personal Consumption Expenditures' statistic, which is a widely followed measure of consumer spending.
Methodology
The data is collected through surveys of households and businesses in Delaware by the U.S. Bureau of Economic Analysis.
Historical Context
Transportation spending is closely watched by policymakers and analysts as it reflects consumer confidence and can signal broader economic trends.
Key Facts
- Delaware transportation services spending reached a record high of $5.2 billion in 2021.
- Transportation services account for around 10% of total personal consumption expenditures in Delaware.
- Spending on transportation services in Delaware has grown by an average of 3.5% per year over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar amount spent by consumers in Delaware on transportation services, including public transit, taxis, and other for-hire transportation.
Q: Why is this trend relevant for users or analysts?
A: Transportation spending is an important indicator of consumer demand and economic activity, and is closely monitored by policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses in Delaware by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Transportation spending data is used by economists and policymakers to assess consumer confidence, economic growth, and the overall health of the Delaware economy.
Q: Are there update delays or limitations?
A: This data is published quarterly by the U.S. Bureau of Economic Analysis, with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Transportation Services for Delaware (DEPCETRANS), retrieved from FRED.