Per Capita Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for South Carolina
SCPCEPCCLTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,451.00
Year-over-Year Change
40.87%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on nondurable goods for clothing and footwear in South Carolina. It provides insights into consumer spending patterns and can inform policymakers and economists on the state's economic conditions.
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
The Per Capita Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for South Carolina measures the average amount spent per person in the state on nondurable clothing and footwear items. This data point is a key indicator of consumer demand and can help analyze shifts in household spending behaviors.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
This trend is used by policymakers, economists, and market analysts to assess the strength of the South Carolina consumer economy.
Key Facts
- South Carolina's per capita clothing and footwear spending was $1,850 in 2021.
- Clothing and footwear account for approximately 4% of total personal consumption in South Carolina.
- This metric has shown modest growth of around 2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent per person in South Carolina on nondurable goods for clothing and footwear.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer spending patterns and can help assess the strength of the South Carolina consumer economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to understand consumer demand and household spending behaviors in South Carolina.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for South Carolina (SCPCEPCCLTH), retrieved from FRED.