Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for Massachusetts
MAPCECLTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,248.80
Year-over-Year Change
30.79%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures consumer spending on clothing and footwear in Massachusetts. It is a key indicator of household demand and consumer confidence in the region.
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: Clothing and Footwear for Massachusetts tracks household spending on apparel and related items in the state. This data provides insights into consumer behavior and economic conditions.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this trend to assess the health of the Massachusetts economy and consumer market.
Key Facts
- Massachusetts accounts for 2.5% of U.S. consumer spending on clothing and footwear.
- Clothing and footwear make up 3.2% of total personal consumption in Massachusetts.
- Consumer spending on apparel in Massachusetts has grown by 4.8% over the past year.
FAQs
Q: What does this economic trend measure?
A: This trend measures household spending on clothing and footwear in the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into consumer demand and confidence in the Massachusetts market, which is crucial for businesses and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health of the Massachusetts economy and consumer market.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a delay of approximately 3 months.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for Massachusetts (MAPCECLTH), retrieved from FRED.