Quarterly
This dataset tracks quarterly over time.
Latest Value
8511.65
Year-over-Year Change
257.41%
Date Range
1/1/1990 - 4/1/2025
Summary
The Quarterly Consumption of Personal Care Products and Services measures consumer spending on a variety of personal and grooming items. This metric is a key indicator of consumer demand and an important signal for economists and policymakers.
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 Quarterly Consumption of Personal Care Products and Services is a component of the Bureau of Economic Analysis's Personal Consumption Expenditures (PCE) data. It captures household spending on items like shampoo, makeup, haircuts, and other personal care services.
Methodology
The data is collected through surveys of consumers and businesses by the U.S. Census Bureau.
Historical Context
Tracking changes in personal care spending helps economists gauge consumer confidence and household budgets.
Key Facts
- Personal care spending makes up about 3% of total U.S. consumer expenditures.
- Quarterly personal care consumption grew by 4.2% in 2022 compared to the prior year.
- Demand for personal care services tends to be relatively inelastic to changes in prices or income.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Consumption of Personal Care Products and Services measures household spending on a variety of personal care items and grooming services.
Q: Why is this trend relevant for users or analysts?
A: Tracking changes in personal care spending helps economists and policymakers assess consumer demand, confidence, and household budgets.
Q: How is this data collected or calculated?
A: The data is collected through consumer and business surveys conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Personal care consumption data provides insight into consumer behavior and is used by economists, analysts, and policymakers to monitor economic conditions.
Q: Are there update delays or limitations?
A: The Quarterly Consumption of Personal Care Products and Services is reported with a lag of approximately one quarter.
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Citation
U.S. Federal Reserve, Quarterly Consumption of Personal Care Products and Services (PCOCOUSDQ), retrieved from FRED.