Per Capita Personal Consumption Expenditures: Services: Transportation Services for Utah
UTPCEPCTRANS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,763.00
Year-over-Year Change
94.16%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Per Capita Personal Consumption Expenditures: Services: Transportation Services for Utah' trend measures consumer spending on transportation services in Utah. It is a key indicator of economic activity and consumer demand in the state.
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 data series tracks the average per-person expenditures on transportation services, such as public transit, taxis, and air travel, by Utah residents. It provides insights into consumer behavior and the health of the state's transportation industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this metric to assess consumer confidence and gauge the strength of Utah's economy.
Key Facts
- Utah's per capita transportation services expenditures have grown by 25% over the past decade.
- Transportation services account for approximately 10% of total personal consumption in Utah.
- Per capita transportation spending in Utah is 15% higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average per-person expenditures on transportation services, such as public transit, taxis, and air travel, by Utah residents.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer behavior and the health of Utah's transportation industry, which is crucial for assessing economic activity and consumer demand in the state.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess consumer confidence and gauge the strength of Utah's economy, which informs decision-making and policy development.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a delay of approximately 3 months.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Transportation Services for Utah (UTPCEPCTRANS), retrieved from FRED.