Per Capita Personal Consumption Expenditures: Services: Transportation Services for Indiana
INPCEPCTRANS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,360.00
Year-over-Year Change
85.79%
Date Range
1/1/1997 - 1/1/2023
Summary
Per Capita Personal Consumption Expenditures for Transportation Services in Indiana measures consumer spending on transportation-related services within the state. 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 personal consumption expenditures per capita for transportation-related services in Indiana, such as auto repairs, public transportation, and intercity bus travel. It provides insights into consumer behavior and the health of the state's service sector.
Methodology
The data is collected through household surveys and other sources by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and economists analyze this trend to assess Indiana's economic conditions and consumer confidence.
Key Facts
- Transportation services account for a significant portion of consumer spending in Indiana.
- This metric has shown steady growth over the past decade, reflecting the state's economic expansion.
- Fluctuations in transportation services expenditures can signal changes in consumer confidence and broader economic trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on transportation-related services in the state of Indiana, including auto repairs, public transportation, and intercity bus travel.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer behavior and the health of Indiana's service sector, which is important for assessing the state's overall economic conditions and consumer confidence.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and other sources by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to gauge Indiana's economic conditions and consumer demand, which can inform policy decisions and market assessments.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with some potential for short delays in publication.
Related Trends
Total Deposits in Commercial Member Banks in Indiana
X08TDCBMBTIN
Home Vacancy Rate for Indiana
INHVAC
Real Gross Domestic Product: Educational Services (61) in Indiana
INEDCATRQGSP
Real Gross Domestic Product: Food and Beverage and Tobacco Product Manufacturing (311-312) in Indiana
INFOODBEVTOBMANRGSP
Real Gross Domestic Product: Transit and Ground Passenger Transportation (485) in Indiana
INTRANGRNDTRANRGSP
Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Indiana
INRETAILQQGSP
Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Transportation Services for Indiana (INPCEPCTRANS), retrieved from FRED.