Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Virginia
VAPCEONDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41,542.60
Year-over-Year Change
71.35%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on other nondurable goods in Virginia, providing insights into consumer spending patterns and economic activity in 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
The Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Virginia metric tracks consumer spending on items like household supplies, personal care products, and other non-durable goods purchased by residents of the state. This data point is used by economists and policymakers to analyze consumer demand and the overall health of Virginia's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its personal consumption expenditures series.
Historical Context
This trend is relevant for understanding consumer behavior and its impact on the broader Virginia economy, which can inform fiscal and monetary policy decisions.
Key Facts
- Virginia's other nondurable goods spending was $X.XX billion in the latest quarter.
- This metric has grown by Y% over the past 12 months.
- Other nondurable goods account for Z% of total personal consumption expenditures in Virginia.
FAQs
Q: What does this economic trend measure?
A: This trend measures personal consumption expenditures on other nondurable goods, such as household supplies and personal care products, by residents of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand and spending patterns in Virginia, which is crucial for understanding the overall health and direction of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its personal consumption expenditures series.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze consumer behavior and its impact on the Virginia economy, which can inform fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with a lag of several weeks. There may be revisions to historical data as more information becomes available.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Virginia (VAPCEONDURG), retrieved from FRED.