Per Capita Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Southeast BEA Region
SESTPCEPCFOOD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,298.00
Year-over-Year Change
64.93%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Per Capita Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Southeast BEA Region' measures household spending on food and drinks for at-home consumption in the Southeast United States. It is an important economic indicator for understanding consumer trends and regional economic activity.
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 economic series tracks the average per-person spending on food and non-alcoholic beverages purchased for consumption outside of restaurants and other foodservice establishments in the Southeast region. It is a component of the broader personal consumption expenditures data and provides insights into household budgets and consumer behavior.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on consumer surveys and economic modeling.
Historical Context
Policymakers and analysts use this regional consumption data to assess economic conditions and consumer demand patterns.
Key Facts
- Food and beverage spending accounts for around 10% of total personal consumption in the Southeast.
- Per capita off-premises food spending in the Southeast has risen by over 30% in the past decade.
- The Southeast region represents approximately 20% of total U.S. personal consumption expenditures.
FAQs
Q: What does this economic trend measure?
A: This series measures the average per-person spending on food and non-alcoholic beverages purchased for consumption outside of restaurants and foodservice establishments in the Southeast region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into household budgets and consumer behavior, which is useful for policymakers, businesses, and economists analyzing economic conditions and demand patterns in the Southeast.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis collects and calculates this data based on consumer surveys and economic modeling.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this regional consumption data to assess economic conditions and consumer demand patterns, which can inform policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in reflecting the most recent economic conditions.
Related Trends
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Chain-Type Quantity Index for Real GDP: Data Processing, Hosting, and Other Information Services (518-519) in the Southeast BEA Region
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Real Gross Domestic Product: Miscellaneous Manufacturing (339) in the Southeast BEA Region
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Gross Domestic Product: Finance and Insurance (52) in the Southeast BEA Region
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Real Gross Domestic Product: Petroleum and Coal Products Manufacturing (324) in the Southeast BEA Region
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Chain-Type Quantity Index for Real GDP: Trade (42, 44-45) in the Southeast BEA Region
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Southeast BEA Region (SESTPCEPCFOOD), retrieved from FRED.