Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Arkansas
ARPCEONDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,960.00
Year-over-Year Change
65.79%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures personal consumption expenditures on nondurable goods, excluding food and energy, for the state of Arkansas. It provides insights into consumer spending patterns and economic conditions 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 Arkansas is a key economic indicator that tracks consumer spending on a variety of non-essential items, such as apparel, personal care products, and household supplies. This data is widely used by economists and policymakers to assess the overall health of the state's economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
This trend is often used in conjunction with other economic indicators to inform policy decisions and market analysis.
Key Facts
- Arkansas accounts for approximately 1% of total U.S. personal consumption expenditures.
- Other nondurable goods make up around 20% of total personal consumption expenditures in Arkansas.
- Spending on other nondurable goods in Arkansas has grown by an average of 3% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures personal consumption expenditures on nondurable goods, excluding food and energy, for the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending patterns and the overall health of the Arkansas economy, which is valuable information for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Q: How is this trend used in economic policy?
A: This trend is often used in conjunction with other economic indicators to inform policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The data is typically updated on a monthly basis, with some potential for minor delays.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Arkansas (ARPCEONDURG), retrieved from FRED.