Personal Consumption Expenditures: Total for Montana
MTPCE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
62,603.20
Year-over-Year Change
81.92%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Total for Montana metric measures the total consumer spending in the state, including both goods and services. This data is critical for analyzing Montana's economic health 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 total personal consumption expenditures, which include spending on durable goods, nondurable goods, and services. Economists and policymakers use this data to understand consumer behavior and make informed decisions about fiscal and monetary policies.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and other statistical methods.
Historical Context
Trends in personal consumption expenditures provide insight into the strength of consumer demand, a key driver of economic growth.
Key Facts
- Personal consumption accounts for over 65% of Montana's GDP.
- Expenditures on services make up the largest component of total personal consumption in Montana.
- Trends in Montana's personal consumption expenditures have historically tracked closely with national averages.
FAQs
Q: What does this economic trend measure?
A: The Personal Consumption Expenditures: Total for Montana metric measures the total consumer spending in the state, including both goods and services.
Q: Why is this trend relevant for users or analysts?
A: Trends in personal consumption expenditures provide insight into the strength of consumer demand, a key driver of economic growth in Montana.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and other statistical methods.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to understand consumer behavior and make informed decisions about fiscal and monetary policies that impact the Montana economy.
Q: Are there update delays or limitations?
A: The personal consumption expenditures data for Montana is published on a quarterly basis, with a delay of several months from the end of the reporting period.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Total for Montana (MTPCE), retrieved from FRED.