Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Delaware
DEPCEONDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,457.90
Year-over-Year Change
69.42%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures spending on nondurable consumer goods in Delaware, excluding food, energy, and clothing. It provides insights into broader consumption patterns 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
Personal Consumption Expenditures (PCE) tracks the value of goods and services purchased by consumers. The 'Nondurable Goods: Other Nondurable Goods' category covers a wide range of everyday purchases like household supplies, personal care items, and recreational goods, offering a gauge of discretionary spending in Delaware.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Economic Analysis.
Historical Context
This indicator is closely watched by policymakers and analysts to assess the health of Delaware's economy and consumer confidence.
Key Facts
- Delaware's nondurable goods spending accounts for over 25% of total personal consumption.
- Other nondurable goods make up around 40% of Delaware's nondurable goods expenditures.
- Nondurable goods spending tends to be more sensitive to economic conditions than durable goods.
FAQs
Q: What does this economic trend measure?
A: This trend measures spending on nondurable consumer goods in Delaware, excluding food, energy, and clothing. It provides insights into broader consumption patterns and consumer demand in the state.
Q: Why is this trend relevant for users or analysts?
A: This indicator is closely watched by policymakers and analysts to assess the health of Delaware's economy and consumer confidence, as nondurable goods spending can be a sensitive gauge of discretionary consumer activity.
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 economists use this data to monitor consumer demand and discretionary spending in Delaware, which can inform decisions around fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months, so it may not reflect the most recent economic conditions in Delaware.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Delaware (DEPCEONDURG), retrieved from FRED.