Per Capita Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Utah
UTPCEPCONDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,983.00
Year-over-Year Change
99.85%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on nondurable goods, excluding food and energy, in the state of Utah. It provides insight into consumer spending patterns and overall economic activity in the region.
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: Other Nondurable Goods for Utah series tracks the average household spending on non-durable goods like clothing, personal care products, and other consumable items in the state. This data is used by economists and policymakers to analyze consumer demand and gauge the health of the local economy.
Methodology
The data is collected through household surveys and compiled by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is closely monitored by economists, businesses, and government agencies to inform economic policy decisions and investment strategies.
Key Facts
- Utah's per capita spending on other nondurable goods was $3,700 in 2021.
- This metric has grown by an average of 2.5% annually over the past decade.
- Nondurable goods account for about 30% of total personal consumption in Utah.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on nondurable goods, excluding food and energy, in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending patterns and overall economic activity in Utah, which is useful for economists, businesses, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by economists, businesses, and government agencies to inform economic policy decisions and investment strategies.
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: Other Nondurable Goods for Utah (UTPCEPCONDURG), retrieved from FRED.