Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Illinois
ILPCEGAS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,107.80
Year-over-Year Change
12.84%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on nondurable goods, specifically gasoline and other energy goods, for the state of Illinois. It provides valuable insights into consumer spending patterns and energy demand within 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
The Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Illinois trend represents the total amount spent by Illinois residents on gasoline and other energy-related nondurable goods. This metric is an important indicator of consumer behavior and energy market dynamics within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their personal consumption expenditures (PCE) estimates.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to understand energy consumption patterns and their impact on the broader economy.
Key Facts
- Illinois is the 5th most populous state in the U.S.
- Gasoline and energy goods account for a significant portion of nondurable goods spending in Illinois
- This trend is a key indicator of consumer demand and economic activity in Illinois
FAQs
Q: What does this economic trend measure?
A: This trend measures personal consumption expenditures on nondurable goods, specifically gasoline and other energy-related items, for the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into consumer spending patterns and energy demand within the Illinois economy, which is crucial for understanding economic conditions and making informed policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their personal consumption expenditures (PCE) estimates.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and market analysts to understand energy consumption patterns and their impact on the broader Illinois economy, informing decisions related to energy policy, taxation, and economic development.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis by the U.S. Bureau of Economic Analysis, with occasional revisions to past periods. There may be some delays in the release of the most recent data.
Related Trends
Real Gross Domestic Product: Military in Illinois
ILGOVFEDMILRGSP
Management of Companies and Enterprises Wages and Salaries in Illinois
ILWMAN
All Employees: Education and Health Services: Ambulatory Health Care Services in Illinois
SMU17000006562100001SA
Coefficient for Transportation Carbon Dioxide Emissions, LPG (Fuel Use) for Illinois
EMISSCO2CHLACBILA
Real Gross Domestic Product: Wood Product Manufacturing (321) in Illinois
ILWPMANRGSP
All Employees: Manufacturing: Durable Goods: Transportation Equipment Manufacturing in Illinois
SMU17000003133600001SA
Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Illinois (ILPCEGAS), retrieved from FRED.