Personal Consumption Expenditures, Nondurable Goods for United States
Q06087USQ027NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
238.00
Year-over-Year Change
14.64%
Date Range
1/1/1939 - 10/1/1967
Summary
This economic trend measures consumer spending on nondurable goods in the United States. It is a key indicator of 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
Personal Consumption Expenditures (PCE) for Nondurable Goods tracks household spending on items like food, clothing, and fuel that are consumed relatively quickly. This metric is closely watched by economists and policymakers as a gauge of consumer demand.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of consumer purchases.
Historical Context
Trends in nondurable goods spending can inform Federal Reserve monetary policy decisions and provide insights into the broader state of the U.S. economy.
Key Facts
- Nondurable goods account for about 40% of total personal consumption expenditures.
- Consumer spending on nondurable goods tends to be more responsive to changes in interest rates and income.
- Nondurable goods spending is an important driver of overall economic growth in the United States.
FAQs
Q: What does this economic trend measure?
A: This metric tracks household spending on nondurable consumer goods, which include items like food, clothing, and fuel that are consumed relatively quickly.
Q: Why is this trend relevant for users or analysts?
A: Nondurable goods spending is a key indicator of consumer demand and economic activity, making it closely watched by economists, policymakers, and market analysts.
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 of consumer purchases.
Q: How is this trend used in economic policy?
A: Trends in nondurable goods spending can inform Federal Reserve monetary policy decisions and provide insights into the broader state of the U.S. economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures, Nondurable Goods for United States (Q06087USQ027NNBR), retrieved from FRED.