Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for South Carolina
SCPCECLTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,798.40
Year-over-Year Change
62.49%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures consumer spending on nondurable goods, specifically clothing and footwear, in South Carolina. It provides insights into the state's retail activity and consumer demand.
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 Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for South Carolina tracks household spending on apparel and related items within the state. This data is used by economists and policymakers to analyze consumer trends and gauge the overall health of the South Carolina retail sector.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of households and businesses.
Historical Context
This metric helps inform decisions related to monetary policy, regional economic development, and consumer confidence.
Key Facts
- South Carolina's clothing and footwear spending accounts for approximately 3% of total personal consumption expenditures.
- Nondurable goods spending makes up around 30% of total personal consumption in South Carolina.
- Consumer spending on clothing and footwear tends to be cyclical, reflecting changes in disposable income and consumer confidence.
FAQs
Q: What does this economic trend measure?
A: This trend measures consumer spending on nondurable goods, specifically clothing and footwear, within the state of South Carolina.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into retail activity and consumer demand in South Carolina, which is valuable for economists, policymakers, and businesses operating in the state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of households and businesses.
Q: How is this trend used in economic policy?
A: This metric helps inform decisions related to monetary policy, regional economic development, and consumer confidence in South Carolina.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of 1-2 months.
Related Trends
Health Care and Social Assistance Earnings in South Carolina
SCEHEA
Initial Claims in South Carolina
SCICLAIMS
Poverty Universe, All Ages for South Carolina
PUAASC45000A647NCEN
Arts, Entertainment and Recreation Wages and Salaries in South Carolina
SCWART
Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in South Carolina
SCAGRNQGSP
Gross Domestic Product: Apparel, Leather, and Allied Product Manufacturing (315-316) in South Carolina
SCAPPLEATHMANNGSP
Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for South Carolina (SCPCECLTH), retrieved from FRED.