Personal Consumption Expenditures: Nondurable Goods for Massachusetts
MAPCENDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
89,848.90
Year-over-Year Change
55.15%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on nondurable goods in Massachusetts. It provides insights into consumer spending patterns and economic activity 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
Personal consumption expenditures (PCE) on nondurable goods is a key indicator of consumer demand and economic performance. The MAPCENDURG series tracks household spending on items like food, clothing, and fuel in Massachusetts.
Methodology
The data is collected through household surveys and other sources by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this trend to assess the health of the Massachusetts economy and make informed decisions.
Key Facts
- Massachusetts accounts for over 2% of total U.S. personal consumption expenditures.
- Nondurable goods make up around 40% of total PCE in Massachusetts.
- The MAPCENDURG series has been tracked since 1997.
FAQs
Q: What does this economic trend measure?
A: This trend measures personal consumption expenditures on nondurable goods in the state of Massachusetts. It tracks household spending on items like food, clothing, and fuel.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer demand and economic activity in Massachusetts, which is an important indicator for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and other sources by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health of the Massachusetts economy and make informed decisions.
Q: Are there update delays or limitations?
A: The MAPCENDURG series is updated regularly by the Federal Reserve, with data typically available within a few months of the reference period.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods for Massachusetts (MAPCENDURG), retrieved from FRED.