Per Capita Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for Ohio
OHPCEPCCLTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,288.00
Year-over-Year Change
45.54%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on nondurable goods for clothing and footwear in the state of Ohio. It provides insights into consumer spending patterns and can inform policymakers and analysts about regional economic conditions.
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: Clothing and Footwear for Ohio metric tracks the average consumer spending on apparel and footwear products within the state. It is a key indicator of household consumption behavior and can be used to assess regional economic performance.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and other statistical methods.
Historical Context
This trend is relevant for understanding consumer demand, retail sales, and the overall health of Ohio's economy.
Key Facts
- Ohio's per capita clothing and footwear spending was $2,345 in 2021.
- Nondurable goods account for approximately 30% of total personal consumption in Ohio.
- Clothing and footwear expenditures make up around 5% of Ohio's nondurable goods spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average per capita personal consumption expenditures on nondurable goods for clothing and footwear within the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending patterns and can be used to assess the overall health of Ohio's regional economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and other statistical methods.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding consumer demand, retail sales, and can inform policymakers about regional economic conditions in Ohio.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with some potential for minor delays in the release of the latest figures.
Related Trends
Average Weekly Earnings of All Employees: Other Services in Ohio
SMU39000008000000011A
Average Hourly Earnings of Production Employees: Manufacturing: Durable Goods: Fabricated Metal Product Manufacturing in Ohio
SMU39000003133200008
Average Hourly Earnings of All Employees: Other Services in Ohio
SMU39000008000000003A
Nondurable Manufacturing Wages and Salaries in Ohio
OHWNON
Continued Claims (Insured Unemployment) in Ohio
OHCCLAIMS
Total Carbon Dioxide Emissions From All Sectors, All Fuels for Ohio
EMISSCO2TOTVTTTOOHA
Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for Ohio (OHPCEPCCLTH), retrieved from FRED.