Per Capita Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Oregon
ORPCEPCONDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,928.00
Year-over-Year Change
74.66%
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, in the state of Oregon. It provides insights into consumer spending patterns and broader 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: Other Nondurable Goods for Oregon' metric tracks the average amount spent by Oregon residents on non-durable goods that are not categorized as food or energy. This data point is useful for analyzing consumer demand and 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 household surveys and economic records.
Historical Context
This trend is closely monitored by economists, policymakers, and market analysts to assess consumer confidence and guide economic decision-making.
Key Facts
- Oregon's per capita spending on other nondurable goods was $6,325 in 2021.
- This metric has increased by 8.2% over the past 5 years in Oregon.
- Nondurable goods account for about 40% of total personal consumption in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the per capita personal consumption expenditures on nondurable goods, excluding food and energy, for the state of Oregon.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer spending patterns and the overall health of Oregon's economy, which is crucial for economic analysis and policy decisions.
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 household surveys and economic records.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, policymakers, and market analysts to assess consumer confidence and guide economic decision-making in Oregon.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reporting period, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Oregon (ORPCEPCONDURG), retrieved from FRED.