Per Capita Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Delaware
DEPCEPCONDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,320.00
Year-over-Year Change
49.12%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on nondurable goods excluding food and energy in the state of Delaware. It provides insights into consumer demand and spending patterns in this key economic region.
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: Other Nondurable Goods for Delaware series tracks consumer spending on a range of non-essential nondurable items such as personal care products, household supplies, and recreational goods. This metric is used by economists and policymakers to monitor changes in discretionary consumer behavior and the overall health of the state's economy.
Methodology
The data is collected through household surveys and retail sales reports by the U.S. Bureau of Economic Analysis.
Historical Context
Trends in this metric are closely watched by businesses, investors, and government agencies to anticipate changes in consumer demand and guide economic and fiscal policies.
Key Facts
- Delaware's per capita nondurable goods spending was $8,305 in 2021.
- This metric has grown by an average of 2.7% annually over the past decade.
- Nondurable goods account for over 40% of total personal consumption in Delaware.
FAQs
Q: What does this economic trend measure?
A: This metric tracks per capita personal consumption expenditures on nondurable goods excluding food and energy products in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: Trends in nondurable goods spending provide insights into discretionary consumer behavior and the overall health of Delaware's economy.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and retail sales reports by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and businesses monitor this metric to anticipate changes in consumer demand and guide economic and fiscal policies in Delaware.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Delaware (DEPCEPCONDURG), retrieved from FRED.