Personal Consumption Expenditures: Services: Other Services for Nebraska
NEPCEOSRV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,462.70
Year-over-Year Change
59.96%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Personal Consumption Expenditures: Services: Other Services for Nebraska' series measures spending on various personal services by Nebraska residents, providing insights into consumer behavior and economic trends.
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 household spending on a range of personal services, including personal care, dry cleaning, and other miscellaneous services. It is a component of the broader Personal Consumption Expenditures (PCE) statistic, which is a key measure of economic growth and consumer demand.
Methodology
The data is collected through surveys and other sources by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is closely monitored by policymakers and analysts to gauge the health of the Nebraska economy and consumer confidence.
Key Facts
- Data is reported quarterly by the U.S. Bureau of Economic Analysis.
- Nebraska's personal services expenditures account for around 3% of total state GDP.
- The indicator has shown steady growth in recent years, reflecting a strengthening consumer environment.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks household spending on a range of personal services, including personal care, dry cleaning, and other miscellaneous services in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer behavior and economic conditions in Nebraska, making it a valuable indicator for policymakers, businesses, and analysts monitoring the state's economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys and other sources by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This indicator is closely monitored by policymakers and analysts to gauge the health of the Nebraska economy and consumer confidence, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is reported quarterly, so there may be a delay of several months before the latest figures are available.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Other Services for Nebraska (NEPCEOSRV), retrieved from FRED.