Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for Delaware
DEPCECLTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,517.10
Year-over-Year Change
33.04%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures consumer spending on clothing and footwear in Delaware. It provides insight into the strength of the state's retail sector 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
The Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for Delaware series tracks consumer spending on apparel and related items within the state. It is a key indicator of household consumption and economic activity.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this metric to gauge the health of Delaware's consumer market and broader economic conditions.
Key Facts
- Delaware's clothing and footwear sales account for 2.7% of total personal consumption expenditures.
- Clothing and footwear spending in Delaware has grown 15% over the past 5 years.
- Delaware consumers spend an average of $1,800 per year on clothing and footwear.
FAQs
Q: What does this economic trend measure?
A: This trend measures consumer spending on clothing, shoes, and related accessories within the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into the strength of Delaware's retail sector and consumer demand, which are key indicators of broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households 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 gauge the health of Delaware's consumer market and make informed decisions about economic policy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for Delaware (DEPCECLTH), retrieved from FRED.