Per Capita Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for Indiana
INPCEPCCLTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,291.00
Year-over-Year Change
42.65%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic indicator measures per capita personal consumption expenditures on nondurable goods, specifically clothing and footwear, in the state of Indiana. It provides insights into consumer spending patterns and the health of the state's 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 Indiana tracks household spending on apparel and footwear products in the state. This data point is used by economists and policymakers to assess consumer demand, monitor inflation, and evaluate the overall economic conditions in Indiana.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Historical Context
This trend is closely watched by retailers, marketers, and economic analysts to understand consumer behavior and its implications for the Indiana economy.
Key Facts
- Indiana's per capita clothing and footwear spending was $2,354 in 2021.
- Clothing and footwear account for approximately 3.5% of total personal consumption in Indiana.
- Indiana's per capita clothing and footwear spending has grown by 7.2% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on nondurable goods, specifically clothing and footwear, in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending patterns and the health of Indiana's retail sector, which is valuable information for economists, policymakers, and businesses operating in the state.
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 surveys and economic modeling.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to assess consumer demand, monitor inflation, and evaluate the overall economic conditions in Indiana, which can inform policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, and there may be a delay of several months between the end of the reporting period and the release of the data.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for Indiana (INPCEPCCLTH), retrieved from FRED.