Per Capita Personal Consumption Expenditures: Goods for Indiana
INPCEPCG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,353.00
Year-over-Year Change
59.26%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Per Capita Personal Consumption Expenditures: Goods for Indiana' trend measures household spending on goods in Indiana. This metric is a key indicator of consumer demand and economic health in the state.
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
This series tracks per capita personal consumption expenditures on goods in Indiana, which includes spending on durable and nondurable products by Indiana residents. Economists and policymakers use this data to analyze consumer spending patterns and gauge the overall strength of the Indiana economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Trends in personal consumption expenditures are closely monitored by the Federal Reserve and other economic institutions to inform monetary and fiscal policy decisions.
Key Facts
- Indiana per capita goods spending reached a high of $13,721 in 2021.
- Goods spending accounts for roughly 35% of total personal consumption in Indiana.
- Indiana's per capita goods spending has grown by over 60% since 2000.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita household spending on goods, including durable and nondurable products, by residents of the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: Trends in personal consumption expenditures are closely watched by economists and policymakers as a key indicator of consumer demand and overall economic health in Indiana.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other economic institutions monitor this data to inform monetary and fiscal policy decisions that can impact consumer spending and the broader Indiana economy.
Q: Are there update delays or limitations?
A: The data is typically released with a 2-3 month delay by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods for Indiana (INPCEPCG), retrieved from FRED.