Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Ohio
OHPCEONDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52,807.40
Year-over-Year Change
68.43%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on other nondurable goods in Ohio, providing insights into consumer spending patterns 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
Other nondurable goods include items like household supplies, personal care products, and over-the-counter medications. This metric is used by economists and policymakers to analyze changes in consumer demand and the overall health of the Ohio economy.
Methodology
The data is collected through household surveys and retail sales reports.
Historical Context
This trend is relevant for understanding consumer behavior and informing fiscal and monetary policy decisions.
Key Facts
- Other nondurable goods account for about 10% of total personal consumption expenditures in Ohio.
- This metric has shown steady growth over the past decade, indicating increasing consumer demand.
- Fluctuations in other nondurable goods spending can signal changes in consumer confidence and financial well-being.
FAQs
Q: What does this economic trend measure?
A: This trend measures personal consumption expenditures on other nondurable goods in the state of Ohio, including household supplies, personal care products, and over-the-counter medications.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer spending patterns within Ohio, which is useful for economists and policymakers in understanding the overall health of the state's economy.
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 relevant for understanding consumer behavior and informing fiscal and monetary policy decisions at the state level.
Q: Are there update delays or limitations?
A: The data is updated regularly, but there may be some delay in the reporting of the most recent figures.
Related Trends
Gross Domestic Product: Textile Mills and Textile Product Mills (313-314) in Ohio
OHTEXTNGSP
Average Weekly Earnings of Production Employees: Health Care and Social Assistance in Ohio
SMU39000006562000030A
Average Weekly Hours of Production Employees: Wholesale Trade in Ohio
SMU39000004100000007A
Median Household Income in Ohio
MEHOINUSOHA646N
Total Deposits in Mutual Savings Banks in Ohio
X08TDMSBTOH
Gross Domestic Product: Health Care and Social Assistance (62) in Ohio
OHHLTHSOCASSNQGSP
Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Ohio (OHPCEONDURG), retrieved from FRED.