Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Alabama
ALPCEGAS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,672.90
Year-over-Year Change
10.45%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on nondurable goods, specifically gasoline and other energy products in Alabama. It provides insights into consumer spending and energy demand 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: Gasoline and Other Energy Goods for Alabama (ALPCEGAS) series tracks the value of consumer spending on gasoline, electricity, and other energy-related nondurable goods within the state. This data is a key indicator of energy consumption patterns and can inform policy decisions and market analysis.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on consumer surveys and other economic indicators.
Historical Context
This trend is used by policymakers, economists, and market analysts to assess energy demand, consumer spending, and the overall health of the Alabama economy.
Key Facts
- Alabama's nondurable goods spending on gasoline and energy was $X.XX billion in the latest quarter.
- Gasoline and energy expenditures account for Y% of total nondurable goods spending in Alabama.
- Consumption of gasoline and energy goods in Alabama has increased/decreased by Z% over the past year.
FAQs
Q: What does this economic trend measure?
A: This trend measures personal consumption expenditures on nondurable goods, specifically gasoline and other energy products, within the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending patterns and energy demand in Alabama, which is valuable information for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on consumer surveys and other economic indicators.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to assess energy demand, consumer spending, and the overall health of the Alabama economy.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, and there may be a delay of several weeks or months before the latest information is available.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Alabama (ALPCEGAS), retrieved from FRED.