Per Capita Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Massachusetts
MAPCEPCONDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,338.00
Year-over-Year Change
68.02%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures per capita personal consumption expenditures on non-durable goods, excluding food and energy, for Massachusetts. It provides insight into consumer spending patterns and economic activity in 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
Per capita personal consumption expenditures on non-durable goods, excluding food and energy, is an important economic indicator that reflects household spending behavior and consumer demand in Massachusetts. It is used by policymakers and analysts to assess the state's economic health and consumer confidence.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on household surveys and other economic measures.
Historical Context
This trend is closely monitored by economists and policymakers to understand consumer spending and its impact on the Massachusetts economy.
Key Facts
- Massachusetts is a major economic center in the northeastern United States.
- Consumer spending on non-durable goods accounts for a significant portion of the state's economic activity.
- Tracking changes in this trend can provide insights into the overall health of the Massachusetts economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on non-durable goods, excluding food and energy, for the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into consumer spending patterns and economic activity in Massachusetts, which is crucial for policymakers and analysts to assess the state's economic health and consumer confidence.
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 measures.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists and policymakers to understand consumer spending and its impact on the Massachusetts economy, which informs economic policies and decision-making.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the data source, and there may be some delays in the availability of the most recent information.
Related Trends
Transportation and Warehousing Wages and Salaries in Massachusetts
MAWTRA
Unit Labor Costs for Private Nonfarm in Massachusetts
IPUZNU100250000
Estimate of Related Children Age 5-17 in Families in Poverty for Massachusetts
PE5T17MA25000A647NCEN
State Tax Collections: T23 Hunting and Fishing License for Massachusetts
QTAXT23QTAXCAT3MANO
Transportation Carbon Dioxide Emissions, Residual Fuel for Massachusetts
EMISSCO2VRFACBMAA
State Government Tax Collections, Property Taxes in Massachusetts
MAPROPTAX
Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Massachusetts (MAPCEPCONDURG), retrieved from FRED.