Personal Consumption Expenditures: Goods for Alabama
ALPCEG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
85,488.20
Year-over-Year Change
64.67%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Goods for Alabama trend measures consumer spending on goods within the state of Alabama. This economic indicator provides insights into the health of the Alabama consumer market.
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
This series tracks household expenditures on physical products, excluding services, in the state of Alabama. It is a key component of overall personal consumption and an important gauge of economic activity and consumer confidence.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this metric to assess the strength of consumer demand and make informed decisions about economic policy.
Key Facts
- Alabama's PCE Goods reached $58.2 billion in 2021.
- Consumer spending on goods accounts for over 50% of total personal consumption in Alabama.
- PCE Goods in Alabama has grown by an average of 4.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Personal Consumption Expenditures: Goods for Alabama trend measures consumer spending on physical products, excluding services, within the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the strength of consumer demand and economic activity in Alabama, which is crucial for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the health of the Alabama consumer market and make informed decisions about economic policies and interventions.
Q: Are there update delays or limitations?
A: The Personal Consumption Expenditures: Goods for Alabama data is typically published on a quarterly basis, with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods for Alabama (ALPCEG), retrieved from FRED.