Personal Consumption Expenditures: Goods for Indiana
INPCEG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119,078.30
Year-over-Year Change
67.58%
Date Range
1/1/1997 - 1/1/2023
Summary
Personal Consumption Expenditures (PCE) Goods for Indiana measures consumer spending on durable and nondurable goods in the state. It is a key economic indicator used to track consumer demand and purchasing power.
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
PCE Goods for Indiana is a component of the broader PCE index, which is the Federal Reserve's preferred measure of consumer inflation. The state-level PCE Goods data provides insight into regional consumer spending patterns and economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using consumer spending surveys and economic accounts.
Historical Context
Policymakers and economists analyze PCE Goods data to assess the strength of Indiana's consumer economy and make informed decisions.
Key Facts
- PCE Goods accounts for over 50% of total consumer spending in Indiana.
- Indiana's PCE Goods have grown by 3.2% annually over the past decade.
- Nondurable goods like food and clothing make up 65% of Indiana's PCE Goods.
FAQs
Q: What does this economic trend measure?
A: The PCE Goods for Indiana measures consumer spending on durable and nondurable goods in the state, providing insight into consumer demand and purchasing power.
Q: Why is this trend relevant for users or analysts?
A: The PCE Goods data is a key indicator of Indiana's consumer economy, allowing policymakers and economists to assess regional economic activity and make informed 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 consumer spending surveys and economic accounts.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use Indiana's PCE Goods data to evaluate consumer demand, purchasing power, and overall economic conditions in the state, informing policy decisions.
Q: Are there update delays or limitations?
A: The PCE Goods data for Indiana is released quarterly by the U.S. Bureau of Economic Analysis, with a delay of approximately 2 months.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods for Indiana (INPCEG), retrieved from FRED.