Per Capita Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for Idaho
IDPCEPCCLTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,164.00
Year-over-Year Change
54.17%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on nondurable goods, specifically clothing and footwear, in the state of Idaho. It provides insight into consumer spending patterns and the health of the state's 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 Per Capita Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for Idaho trend tracks household spending on apparel and footwear products by Idahoans. This metric is used by economists and policymakers to analyze consumer demand, inflationary pressures, and the overall performance of the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using survey responses and other economic indicators.
Historical Context
This trend is relevant for understanding consumer behavior, retail market conditions, and the broader economic climate in Idaho.
Key Facts
- Idaho's per capita clothing and footwear spending was $2,543 in 2021.
- Clothing and footwear account for approximately 5% of total personal consumption in Idaho.
- Nondurable goods spending has grown by 7.2% annually in Idaho over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on nondurable goods, specifically clothing and footwear, for the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into consumer spending patterns and the health of Idaho's retail sector, which is important for understanding the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using survey responses and other economic indicators.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze consumer demand, inflationary pressures, and the overall performance of Idaho's economy, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data for this trend is typically released on a quarterly basis, with some potential for minor delays in publication.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for Idaho (IDPCEPCCLTH), retrieved from FRED.