Per Capita Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for Delaware
DEPCEPCCLTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,470.00
Year-over-Year Change
17.04%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on nondurable goods, specifically clothing and footwear, in the state of Delaware. It provides insights into consumer spending patterns and the health of the local retail sector.
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 Per Capita Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for Delaware series tracks the average amount spent by Delaware residents on apparel and footwear. This metric is used by economists and policymakers to analyze consumer demand, inflation, and the overall state of the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on household surveys and retail sales information.
Historical Context
This trend is closely monitored by businesses, investors, and government agencies to assess the strength of Delaware's consumer market and guide economic policies.
Key Facts
- Delaware's per capita clothing and footwear expenditures are higher than the national average.
- Spending on nondurable goods like apparel is seen as a leading indicator of economic health.
- Clothing and footwear account for a significant portion of Delaware residents' total household consumption.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent per person in Delaware on nondurable goods, specifically clothing and footwear.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand and spending patterns in Delaware, which is crucial for businesses, policymakers, and economists to assess the state's economic conditions.
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 household surveys and retail sales information.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by government agencies and policymakers to gauge the strength of Delaware's consumer market and guide economic policies, such as tax incentives or infrastructure investments.
Q: Are there update delays or limitations?
A: There may be some delay in the availability of the most recent data, as it takes time to collect and process the underlying household and retail sales information.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for Delaware (DEPCEPCCLTH), retrieved from FRED.