Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Tennessee
TNPCEFOOD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25,485.30
Year-over-Year Change
50.01%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures spending on food and beverages purchased for consumption outside the home in Tennessee. It provides insights into consumer spending patterns and the state's retail 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
The Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Tennessee is a key indicator of consumer demand and purchasing power within the state. It is widely used by economists and policymakers to analyze trends in household spending and the broader economic climate.
Methodology
The data is collected through surveys of retail establishments and households by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is closely watched by businesses, investors, and government agencies to assess the health of Tennessee's consumer market and make informed economic decisions.
Key Facts
- Tennessee's food and beverage spending off-premises reached $[latest_value] in [latest_year].
- This metric has grown by [x]% over the past [y] years in Tennessee.
- Food and beverage purchases account for approximately [z]% of total consumer expenditures in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures spending on food and beverages purchased for consumption outside the home, such as at grocery stores and convenience shops, in the state of Tennessee.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into consumer demand, purchasing power, and the overall health of Tennessee's retail economy. It is closely monitored by businesses, policymakers, and economists to make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and households by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This metric is used by government agencies, economists, and market analysts to assess consumer spending patterns, inform fiscal and monetary policy decisions, and evaluate the performance of Tennessee's retail sector.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be a lag of several weeks between the reference period and the publication of the latest figures.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Tennessee (TNPCEFOOD), retrieved from FRED.