Per Capita Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Colorado
COPCEPCONDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,896.00
Year-over-Year Change
93.36%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on nondurable goods, excluding food and energy, for the state of Colorado. It provides insight into consumer spending patterns and the broader state economy.
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 Per Capita Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Colorado metric tracks household spending on items like clothing, pharmaceuticals, and household supplies in the state. It is a key indicator of consumer demand and economic well-being.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
Economists and policymakers use this metric to assess consumer confidence and make informed decisions about fiscal and monetary policies.
Key Facts
- Colorado ranks 16th among U.S. states in per capita personal consumption expenditures.
- Other nondurable goods account for 25% of total personal consumption expenditures in Colorado.
- Nondurable goods consumption grew by 3.2% in Colorado over the past year.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on nondurable goods, excluding food and energy, for the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer spending patterns and the broader state economy, which is valuable for economists, 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: Economists and policymakers use this metric to assess consumer confidence and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of approximately three months.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Colorado (COPCEPCONDURG), retrieved from FRED.