Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for District of Columbia
DCPCEONDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,562.00
Year-over-Year Change
89.36%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on nondurable goods, excluding food and energy, in the District of Columbia. It provides insight into consumer demand and spending patterns in the region.
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 District of Columbia metric tracks household spending on non-essential nondurable items in the nation's capital. This data point is used by economists and policymakers to assess the strength of the local consumer economy.
Methodology
The data is collected through household surveys and compiled by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is relevant for understanding consumer behavior and guiding fiscal and monetary policies.
Key Facts
- Nondurable goods exclude food and energy products.
- Consumer spending on nondurables accounts for over a third of total personal consumption.
- District of Columbia has a unique consumer economy compared to national trends.
FAQs
Q: What does this economic trend measure?
A: This metric tracks household spending on non-essential nondurable goods, excluding food and energy, in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer demand and spending patterns in the nation's capital, which is important for understanding the local economy.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This metric is relevant for guiding fiscal and monetary policies that aim to support consumer spending and the regional economy.
Q: Are there update delays or limitations?
A: There may be delays in data availability and the metric only represents consumption in the District of Columbia, not the broader national trend.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for District of Columbia (DCPCEONDURG), retrieved from FRED.