Per Capita Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for Hawaii
HIPCEPCCLTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,506.00
Year-over-Year Change
24.36%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures per capita personal consumption expenditures on nondurable goods like clothing and footwear in Hawaii. It provides insights into consumer spending patterns and can inform economic policy decisions.
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: Clothing and Footwear for Hawaii series tracks the average amount spent per person in the state on non-durable apparel and footwear items. This metric is used by economists and policymakers to analyze consumer behavior and identify trends in Hawaii's retail sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using personal consumption expenditure surveys.
Historical Context
This trend is relevant for understanding the health of Hawaii's consumer economy and can inform decisions around fiscal and monetary policy.
Key Facts
- Hawaii's per capita spending on clothing and footwear in 2021 was $1,847.
- Clothing and footwear account for about 3.5% of Hawaii's total personal consumption expenditures.
- Per capita clothing/footwear spending in Hawaii is typically higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent per person in Hawaii on non-durable clothing and footwear items as part of personal consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer spending patterns in Hawaii's retail sector, which is important for understanding the health of the state's economy and informing economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using personal consumption expenditure surveys.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and economists analyzing the state of Hawaii's consumer economy and can inform decisions around fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is published with a delay and may not reflect the most recent economic conditions in Hawaii.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for Hawaii (HIPCEPCCLTH), retrieved from FRED.