Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Montana
MTPCEFOOD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,615.80
Year-over-Year Change
84.55%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Montana' series measures consumer spending on food and beverages in Montana, excluding on-premises consumption. This provides insights into household consumption patterns and the state's 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 economic indicator tracks the total dollar value of food and beverages purchased by Montana consumers for consumption at home or away from food service establishments. It is a key component of the Personal Consumption Expenditures (PCE) metric and offers a window into consumer behavior and purchasing power.
Methodology
The data is collected through household surveys and other sources by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this measure to assess the health of Montana's consumer economy and make informed decisions.
Key Facts
- Montana's off-premises food and beverage spending totaled $6.9 billion in 2021.
- This series has been tracked since 1997.
- Food and beverages account for over 40% of Montana's total nondurable goods consumption.
FAQs
Q: What does this economic trend measure?
A: This series measures the total dollar value of food and beverages purchased by consumers in Montana for consumption away from food service establishments, such as restaurants and bars.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Montana's consumer spending patterns and the overall health of the state's economy, which is important for policymakers and businesses.
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 analysts use this measure to assess the strength of Montana's consumer economy and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is released quarterly with a delay of approximately 2-3 months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Montana (MTPCEFOOD), retrieved from FRED.