Per Capita Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Nebraska
NEPCEPCONDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,006.00
Year-over-Year Change
56.48%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on nondurable goods, excluding food and energy, for Nebraska. It provides insights into consumer spending behavior and economic conditions within 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 Per Capita Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Nebraska metric tracks the average amount spent by Nebraska residents on non-essential nondurable goods, such as clothing, personal care products, and household supplies. This data is used by economists and policymakers to analyze consumer demand and gauge the overall health of the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on consumer surveys and economic reports.
Historical Context
This trend is relevant for understanding Nebraska's consumer spending patterns and can inform economic policies and business decisions.
Key Facts
- Nebraska's per capita spending on other nondurable goods was $4,258 in 2021.
- This metric has grown by an average of 2.3% annually over the past decade.
- Nondurable goods account for approximately 35% of total personal consumption in Nebraska.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on nondurable goods, excluding food and energy, for the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer spending behavior and the overall health of Nebraska's economy, which is useful for economists, policymakers, and businesses operating in the state.
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 consumer surveys and economic reports.
Q: How is this trend used in economic policy?
A: This trend can inform economic policies and business decisions by providing a snapshot of consumer demand and spending patterns within Nebraska.
Q: Are there update delays or limitations?
A: The data is typically updated quarterly, with a short delay of a few months. There may be some limitations in capturing all nondurable goods spending due to the complexity of consumer behavior.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Nebraska (NEPCEPCONDURG), retrieved from FRED.