Per Capita Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Louisiana
LAPCEPCONDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,366.00
Year-over-Year Change
52.71%
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 Louisiana. It provides insights into consumer spending patterns and can inform economic policy decisions.
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 Louisiana metric tracks the average amount spent by Louisiana residents on non-essential nondurable goods, such as cleaning supplies, personal care products, and pharmaceuticals. This data point is a key indicator of consumer behavior and purchasing power in the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on household surveys and other economic indicators.
Historical Context
Policymakers and market analysts often use this metric to understand consumer sentiment and make informed decisions about economic policies and market strategies.
Key Facts
- Louisiana's per capita spending on other nondurable goods was $2,896 in 2021.
- This metric has shown steady growth over the past decade, indicating increasing consumer purchasing power.
- Nondurable goods account for nearly 30% of total personal consumption expenditures in Louisiana.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent per person in Louisiana on nondurable goods, excluding food and energy, such as cleaning supplies, personal care products, and pharmaceuticals.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer spending patterns and purchasing power in Louisiana, which can inform economic policy decisions and market strategies.
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 household surveys and other economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this metric to understand consumer sentiment and make informed decisions about economic policies and market strategies.
Q: Are there update delays or limitations?
A: The data is updated quarterly with a typical delay of 2-3 months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Louisiana (LAPCEPCONDURG), retrieved from FRED.