Per Capita Personal Consumption Expenditures: Nondurable Goods for Indiana
INPCEPCNDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,518.00
Year-over-Year Change
50.15%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on nondurable goods in the state of Indiana. It provides insights into consumer spending and demand for basic household items.
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 for Indiana metric tracks the average amount spent per person in Indiana on consumable, non-durable products such as food, clothing, and other everyday items. This data is a key indicator of economic activity and consumer confidence within the state.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through household surveys and business reporting.
Historical Context
Policymakers and analysts use this metric to gauge consumer spending patterns and inform economic forecasting and policy decisions.
Key Facts
- Indiana's per capita nondurable goods spending was $19,250 in 2021.
- Nondurable goods account for over 50% of total personal consumption in Indiana.
- Indiana's nondurable goods spending has grown by 3.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average amount spent per person in Indiana on consumable, non-durable products such as food, clothing, and other everyday items.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer spending and demand patterns within the Indiana economy, which is a key indicator of overall economic activity and consumer confidence.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through household surveys and business reporting.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge consumer spending patterns and inform economic forecasting and policy decisions at the state level.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods for Indiana (INPCEPCNDURG), retrieved from FRED.