Per Capita Personal Consumption Expenditures: Nondurable Goods for Connecticut
CTPCEPCNDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,590.00
Year-over-Year Change
46.92%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic indicator measures the average per capita personal consumption expenditures on nondurable goods in the state of Connecticut. It provides insight into consumer spending patterns and household economic activity.
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
Per capita personal consumption expenditures on nondurable goods is a key metric used by economists and policymakers to assess the health of consumer demand and the broader state economy. It represents the average amount spent by Connecticut residents on items like food, clothing, and other non-durable household purchases.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using consumer spending surveys and other economic indicators.
Historical Context
This trend is closely monitored by economists, investors, and government agencies to understand consumer behavior and make informed decisions about economic policy.
Key Facts
- Connecticut residents spent an average of $24,785 on nondurable goods in 2021.
- Nondurable goods account for 65% of total personal consumption expenditures in Connecticut.
- Per capita nondurable goods spending in Connecticut is 8% higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the average per capita personal consumption expenditures on nondurable goods in the state of Connecticut. It provides insight into consumer spending patterns and household economic activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely monitored by economists, investors, and government agencies to understand consumer behavior and make informed decisions about economic policy in Connecticut.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using consumer spending surveys and other economic indicators.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to assess the health of consumer demand and the broader state economy in Connecticut, informing decisions about fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately three months, so there may be a delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods for Connecticut (CTPCEPCNDURG), retrieved from FRED.