Personal Consumption Expenditures: Nondurable Goods for Montana
MTPCENDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,327.70
Year-over-Year Change
58.39%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures personal consumption expenditures on nondurable goods in Montana. It provides insights 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
The Personal Consumption Expenditures: Nondurable Goods for Montana metric tracks the value of consumer spending on non-durable items, such as food, clothing, and fuel, by residents of the state. This data is a key indicator of 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 indicators.
Historical Context
Policymakers and analysts use this trend to gauge the strength of Montana's consumer economy and make informed decisions about economic policy.
Key Facts
- Montana's nondurable goods spending totaled $27.8 billion in 2021.
- Consumer spending on nondurables accounts for over 50% of total personal consumption in Montana.
- Nondurable goods expenditures have grown by 4.2% annually in Montana over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of personal consumption expenditures on non-durable goods, such as food, clothing, and fuel, by residents of Montana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending patterns and the overall strength of Montana's economy, which is crucial information for policymakers and economic analysts.
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 analysts use this trend to gauge the health of Montana's consumer economy and make informed decisions about economic policy, such as taxation, spending, and regulatory measures.
Q: Are there update delays or limitations?
A: The data is typically released with a 2-3 month delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods for Montana (MTPCENDURG), retrieved from FRED.