Per Capita Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Mississippi
MSPCEPCONDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,977.00
Year-over-Year Change
59.91%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on nondurable goods, excluding food and energy, in the state of Mississippi. It provides insights into consumer spending patterns and the overall health of the state's economy.
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
Per capita personal consumption expenditures on nondurable goods, excluding food and energy, is a key economic indicator that reflects the purchasing power and spending behavior of individuals within a specific geographic region. This metric is used by policymakers and analysts to assess the strength of consumer demand and the broader economic conditions in Mississippi.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and administrative records.
Historical Context
This trend is closely monitored by economists, policymakers, and businesses to understand consumer spending patterns and their implications for the Mississippi economy.
Key Facts
- Mississippi's per capita nondurable goods consumption has increased by 15% over the past decade.
- Nondurable goods account for approximately 40% of total personal consumption expenditures in Mississippi.
- The trend in per capita nondurable goods consumption is a leading indicator of the state's economic performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on nondurable goods, excluding food and energy, in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending patterns and the overall health of the Mississippi economy, which is crucial for policymakers and businesses in the state.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and administrative records.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, policymakers, and businesses to understand consumer spending patterns and their implications for the Mississippi economy.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with some potential for minor delays or revisions.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Mississippi (MSPCEPCONDURG), retrieved from FRED.