Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for Connecticut
CTPCECLTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,693.90
Year-over-Year Change
30.08%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on nondurable goods, specifically clothing and footwear, in the state of Connecticut. It provides insight into consumer spending patterns and the strength of the local retail sector.
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: Clothing and Footwear for Connecticut series tracks consumer spending on apparel and footwear products within the state. This data is used by economists and policymakers to assess the health of the local consumer market and retail industry.
Methodology
The data is collected through surveys of households and businesses in Connecticut.
Historical Context
This trend is relevant for monitoring the performance of the retail sector and consumer confidence in the state.
Key Facts
- Nondurable goods account for about 30% of total personal consumption in the U.S.
- Clothing and footwear make up around 3% of total personal consumption expenditures.
- Connecticut's personal consumption on clothing and footwear was $X.XX billion in the latest quarter.
FAQs
Q: What does this economic trend measure?
A: This trend measures personal consumption expenditures on nondurable goods, specifically clothing and footwear, within the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into consumer spending patterns and the strength of the local retail sector, which is important for assessing the overall health of Connecticut's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses in Connecticut.
Q: How is this trend used in economic policy?
A: This trend is relevant for monitoring the performance of the retail sector and consumer confidence in the state, which informs economic policymaking.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a delay of approximately 3 months.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for Connecticut (CTPCECLTH), retrieved from FRED.