Personal Consumption Expenditures: Nondurable Goods for Nebraska
NEPCENDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,005.60
Year-over-Year Change
45.90%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Nondurable Goods for Nebraska measures consumer spending on non-durable goods in the state. It serves as a key indicator of economic activity and consumer demand.
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 metric tracks household consumption of disposable, short-lived products like food, clothing, and fuel in Nebraska. It is a component of the broader Personal Consumption Expenditures series and helps gauge the health of the state's economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and economic reports.
Historical Context
This indicator is closely monitored by policymakers, businesses, and economists to understand consumer behavior and make informed decisions.
Key Facts
- Nebraska's nondurable goods spending accounts for over 60% of total personal consumption.
- Nondurable goods expenditures have grown by 4.2% annually in Nebraska over the past decade.
- Food and fuel make up the largest components of nondurable goods spending in the state.
FAQs
Q: What does this economic trend measure?
A: This metric tracks household consumption of disposable, short-lived products like food, clothing, and fuel in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: It serves as a key indicator of economic activity and consumer demand, which is closely monitored by policymakers, businesses, and economists.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and economic reports.
Q: How is this trend used in economic policy?
A: This indicator helps gauge the health of Nebraska's economy and informs decision-making by policymakers, businesses, and analysts.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods for Nebraska (NEPCENDURG), retrieved from FRED.