Per Capita Personal Consumption Expenditures: Nondurable Goods for Delaware
DEPCEPCNDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,723.00
Year-over-Year Change
41.24%
Date Range
1/1/1997 - 1/1/2023
Summary
Per Capita Personal Consumption Expenditures: Nondurable Goods for Delaware measures consumer spending on non-durable goods like food, clothing, and energy for residents of Delaware. It is a key indicator of economic activity and consumer confidence.
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
This metric tracks the average per-person spending on consumable, short-lived products in Delaware. It provides insight into household consumption patterns and can signal changes in consumer demand and inflationary pressures.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this metric to assess the financial health and spending habits of Delaware consumers.
Key Facts
- Delaware's per capita nondurable goods spending was $20,522 in 2021.
- Nondurable goods account for about 40% of total personal consumption in Delaware.
- Nondurable goods spending trended upward in Delaware from 2020 to 2021.
FAQs
Q: What does this economic trend measure?
A: This metric measures the average per-person spending on consumable, short-lived products like food, clothing, and energy for residents of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into household consumption patterns and can signal changes in consumer demand and inflationary pressures in Delaware.
Q: How is this data collected or calculated?
A: The data is collected and calculated 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 assess the financial health and spending habits of Delaware consumers.
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, Per Capita Personal Consumption Expenditures: Nondurable Goods for Delaware (DEPCEPCNDURG), retrieved from FRED.