Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for North Carolina
NCPCECLTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,619.50
Year-over-Year Change
71.51%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures consumer spending on clothing and footwear in North Carolina. It provides insights into the region's retail demand and consumer confidence.
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 North Carolina series tracks household expenditures on apparel and accessories in the state. It is a key indicator of consumer spending and a component of broader economic output measures.
Methodology
The data is collected through household surveys and retail sales reports.
Historical Context
This trend is closely monitored by policymakers and analysts to assess North Carolina's economic conditions and consumer behavior.
Key Facts
- North Carolina is the 9th largest state economy in the U.S.
- Clothing and footwear account for about 3% of total consumer spending in the state.
- Apparel sales are a leading indicator of consumer confidence and household finances.
FAQs
Q: What does this economic trend measure?
A: This trend measures consumer spending on clothing and footwear in the state of North Carolina. It provides insights into retail demand and consumer confidence in the region.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of economic conditions and consumer behavior in North Carolina. It is closely monitored by policymakers, businesses, and analysts to assess the state's retail sector and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and retail sales reports.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to evaluate consumer demand, consumer confidence, and broader economic conditions in North Carolina. It informs decisions around fiscal, monetary, and regulatory policies.
Q: Are there update delays or limitations?
A: There may be a lag of several weeks or months in the data reporting, and the figures are subject to periodic revisions by the collecting agency.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for North Carolina (NCPCECLTH), retrieved from FRED.