Per Capita Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Arkansas
ARPCEPCONDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,899.00
Year-over-Year Change
58.82%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Per Capita Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Arkansas' trend measures personal consumption of non-durable goods in the state, providing insights into consumer spending patterns.
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 economic indicator tracks personal consumption expenditures on items like household supplies, clothing, and other non-durable goods by residents of Arkansas. It offers valuable data for analyzing consumer behavior and economic conditions within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on household surveys and other economic data sources.
Historical Context
Policymakers and analysts use this metric to gauge the health of the Arkansas economy and consumer confidence.
Key Facts
- Arkansas's per capita spending on non-durable goods was $9,392 in 2021.
- Nondurable goods account for over 60% of total personal consumption in Arkansas.
- Spending on other nondurable goods has grown steadily in Arkansas over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on non-durable goods, such as household supplies, clothing, and other disposable items, by residents of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into consumer behavior and economic conditions within Arkansas, which is crucial for policymakers, businesses, and economists analyzing 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 based on household surveys and other economic data sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the health of the Arkansas economy and consumer confidence, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is typically updated quarterly, with a lag of several months. There may be some limitations in capturing all non-durable goods consumption within the state.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Arkansas (ARPCEPCONDURG), retrieved from FRED.