Personal Consumption Expenditures: Goods for North Carolina
NCPCEG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
203,634.00
Year-over-Year Change
96.00%
Date Range
1/1/1997 - 1/1/2023
Summary
Personal Consumption Expenditures (PCE) Goods for North Carolina measures consumer spending on goods within the state. It is a key indicator of economic activity 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
PCE Goods for North Carolina tracks the value of consumer spending on physical products purchased by residents of the state. This metric is closely watched by economists and policymakers to assess the strength of the state's economy and consumer demand.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys and other economic indicators.
Historical Context
PCE Goods data informs fiscal and monetary policy decisions at the state and national level.
Key Facts
- North Carolina's PCE Goods reached a record high in 2021.
- Goods spending makes up about 70% of total PCE in North Carolina.
- PCE Goods is a leading indicator of the state's retail sales and employment.
FAQs
Q: What does this economic trend measure?
A: PCE Goods for North Carolina measures the total dollar value of consumer spending on physical products within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of consumer demand and economic activity in North Carolina, providing insights for businesses, policymakers, and investors.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis collects this data through surveys and incorporates it into the state-level personal consumption expenditures estimates.
Q: How is this trend used in economic policy?
A: PCE Goods data helps inform fiscal and monetary policy decisions at the state and national level, as it reflects consumer confidence and spending patterns.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately two months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods for North Carolina (NCPCEG), retrieved from FRED.