Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for District of Columbia
DCPCECLTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,868.60
Year-over-Year Change
64.13%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on nondurable goods like clothing and footwear in the District of Columbia. It provides insights into consumer spending patterns and can inform economic policymaking.
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 District of Columbia metric tracks consumer spending on apparel and footwear in the Washington, D.C. metropolitan area. This data point is a key indicator of regional economic activity and consumer confidence.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts monitor this trend to assess the health of the D.C. economy and consumer market.
Key Facts
- D.C. residents spent $3.2 billion on clothing and footwear in 2021.
- Clothing and footwear account for 2.9% of total personal consumption in D.C.
- This metric has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures personal consumption expenditures on nondurable goods like clothing and footwear in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer spending patterns and can inform economic policymaking for the D.C. region.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the health of the D.C. economy and consumer market.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for District of Columbia (DCPCECLTH), retrieved from FRED.