Personal Consumption Expenditures: Nondurable Goods for Arizona
AZPCENDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
84,869.90
Year-over-Year Change
81.10%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Nondurable Goods for Arizona measures consumer spending on non-durable goods in the state. It is a key indicator of economic activity and consumer demand.
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 the value of personal consumption expenditures on non-durable goods in Arizona, such as food, clothing, and fuel. It is used by economists and policymakers to analyze trends in consumer spending and gauge the overall health of the state's economy.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Economic Analysis.
Historical Context
Trends in this metric can inform economic policy decisions and provide insight into Arizona's consumer markets.
Key Facts
- Arizona's nondurable goods spending was $X.XX billion in the most recent quarter.
- Nondurable goods account for Y% of total personal consumption in Arizona.
- Spending on nondurable goods has increased/decreased by Z% over the past year.
FAQs
Q: What does this economic trend measure?
A: The Personal Consumption Expenditures: Nondurable Goods for Arizona measures consumer spending on non-durable goods within the state, such as food, clothing, and fuel.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer demand and the overall health of Arizona's economy. Trends in nondurable goods spending can inform economic policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households 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 consumer spending patterns and gauge the strength of Arizona's consumer markets, which can inform decisions around fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is typically released with a 1-2 month delay. There may also be revisions to previously reported figures as more complete information becomes available.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods for Arizona (AZPCENDURG), retrieved from FRED.