Personal Consumption Expenditures: Nondurable Goods for Arkansas
ARPCENDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32,678.10
Year-over-Year Change
52.74%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Nondurable Goods for Arkansas measures consumer spending on non-durable goods within the state. It 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 data series tracks the total value of consumer purchases of non-durable goods, such as food, clothing, and fuel, made by residents of Arkansas. It is used by economists and policymakers to assess the strength of the state's economy and consumer confidence.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of household spending.
Historical Context
Trends in nondurable goods expenditures provide insights into the health of consumer markets and can inform economic and fiscal policies.
Key Facts
- Arkansas nondurable goods expenditures totaled $X.XX billion in the latest period.
- Nondurable goods make up approximately X% of total personal consumption in Arkansas.
- Trends in this metric correlate with the state's overall economic performance.
FAQs
Q: What does this economic trend measure?
A: This metric tracks consumer spending on non-durable goods, such as food, clothing, and fuel, by residents of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: Nondurable goods expenditures provide insights into consumer demand and the overall health of the Arkansas economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of household spending.
Q: How is this trend used in economic policy?
A: Trends in nondurable goods expenditures can inform economic and fiscal policies at the state level.
Q: Are there update delays or limitations?
A: This data is published on a quarterly basis with a lag of approximately X months.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods for Arkansas (ARPCENDURG), retrieved from FRED.