Personal Consumption Expenditures: Nondurable Goods for Virginia
VAPCENDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105,002.00
Year-over-Year Change
54.06%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Nondurable Goods for Virginia measures consumer spending on non-durable products in the state. This data provides insights into the strength of Virginia's economy and consumer demand.
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 series represents household expenditures on consumable or short-lived products in Virginia, such as food, beverages, clothing, and household supplies. It is a key indicator of economic activity and consumer confidence within the state.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this metric to assess the health of Virginia's consumer sector and make informed decisions regarding economic policy.
Key Facts
- Virginia's nondurable goods expenditures account for over 60% of total personal consumption.
- Consumer spending on nondurable goods has grown by an average of 3.5% annually in Virginia over the past decade.
- Nondurable goods purchases are a leading indicator of overall economic conditions in the state.
FAQs
Q: What does this economic trend measure?
A: This metric measures household spending on consumable or short-lived products, such as food, clothing, and household supplies, within the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: Nondurable goods expenditures are a key indicator of consumer demand and economic activity in Virginia, providing insights that are valuable for policymakers and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess the health of Virginia's consumer sector and make informed decisions regarding economic policy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of 1-2 months between the reference period and the publication date.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods for Virginia (VAPCENDURG), retrieved from FRED.