Per Capita Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Great Lakes BEA Region
GLAKPCEPCONDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,539.00
Year-over-Year Change
69.24%
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 Great Lakes region of the United States. It provides insights into consumer spending behavior and regional economic conditions.
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 Great Lakes BEA Region series tracks consumer spending on a variety of nondurable goods, such as clothing, personal care products, and household supplies, in the Great Lakes region. This metric is used by economists and policymakers to analyze regional consumption patterns and their implications for economic growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on household surveys and other economic indicators.
Historical Context
This trend is a key indicator of consumer demand and regional economic performance, which are important considerations for monetary and fiscal policy decisions.
Key Facts
- The Great Lakes region includes Illinois, Indiana, Michigan, Ohio, and Wisconsin.
- Nondurable goods account for approximately 40% of total personal consumption expenditures in the United States.
- Consumer spending on nondurable goods is considered a leading indicator of economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on nondurable goods, excluding food and energy, in the Great Lakes region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending behavior and regional economic conditions, which are important considerations for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on household surveys and other economic indicators.
Q: How is this trend used in economic policy?
A: This trend is a key indicator of consumer demand and regional economic performance, which are important considerations for monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have a delay in release compared to national-level consumption data.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Great Lakes BEA Region (GLAKPCEPCONDURG), retrieved from FRED.