Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for Arizona
AZPCECLTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,474.20
Year-over-Year Change
66.18%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on nondurable goods, specifically clothing and footwear, for the state of Arizona. It provides insights into consumer spending patterns and is a key indicator of economic conditions.
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
The Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for Arizona metric tracks consumer spending on apparel and footwear within the state. It is a valuable indicator of Arizona's retail and consumer trends, which can inform business decisions and economic policymaking.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on consumer surveys and sales reports.
Historical Context
This trend is closely monitored by economists, retailers, and policymakers to assess the strength of Arizona's consumer economy.
Key Facts
- Arizona's clothing and footwear expenditures account for over 10% of total nondurable goods spending.
- Clothing and footwear spending in Arizona has grown by an average of 3% annually over the past decade.
- Fluctuations in this trend often coincide with changes in Arizona's overall economic performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures personal consumption expenditures on nondurable goods, specifically clothing and footwear, for the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending patterns in Arizona, which is a key indicator of the state's economic conditions and can inform business decisions and policymaking.
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 consumer surveys and sales reports.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, retailers, and policymakers to assess the strength of Arizona's consumer economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical delay of 1-2 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for Arizona (AZPCECLTH), retrieved from FRED.