Personal Consumption Expenditures: Nondurable Goods for Louisiana
LAPCENDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51,666.90
Year-over-Year Change
41.37%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Nondurable Goods for Louisiana trend measures consumer spending on non-durable goods in the state, providing insights into economic activity and consumer confidence.
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 economic indicator tracks household expenditures on products that are consumed quickly, such as food, clothing, and fuel. It is an important measure of consumer demand and a key component of the state's gross domestic product.
Methodology
The data is collected through surveys of household spending and retail sales.
Historical Context
Policymakers and analysts use this metric to assess the strength of the Louisiana economy and consumer purchasing patterns.
Key Facts
- Louisiana's nondurable goods spending accounted for 37% of total personal consumption in 2021.
- Nondurable goods expenditures in Louisiana grew by 5.2% in 2021 compared to the prior year.
- Food and beverages make up the largest share of nondurable goods spending in Louisiana.
FAQs
Q: What does this economic trend measure?
A: This trend measures consumer spending on non-durable goods, such as food, clothing, and fuel, in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand and economic activity in Louisiana, which is crucial for policymakers and market participants.
Q: How is this data collected or calculated?
A: The data is collected through surveys of household spending and retail sales.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the strength of the Louisiana economy and consumer purchasing patterns.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule, but there may be delays or limitations due to the nature of household spending surveys.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods for Louisiana (LAPCENDURG), retrieved from FRED.