Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Washington
WAPCEONDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31,387.80
Year-over-Year Change
87.58%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures spending on nondurable goods, excluding food and energy, by consumers in the state of Washington. It provides insights into the strength of consumer demand and overall 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
The Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Washington metric tracks consumer spending on items like clothing, pharmaceuticals, and household supplies. This data is a key indicator of economic health and consumer confidence in the region.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and consumers.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to gauge the economic conditions and spending patterns in Washington.
Key Facts
- Washington accounts for approximately 2.5% of total U.S. personal consumption expenditures.
- Other nondurable goods make up about 25% of total personal consumption expenditures in Washington.
- Consumer spending on nondurable goods tends to be more responsive to changes in economic conditions than spending on durable goods.
FAQs
Q: What does this economic trend measure?
A: This trend measures consumer spending on nondurable goods, excluding food and energy, in the state of Washington. It provides insights into the strength of consumer demand and overall economic activity in the region.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic health and consumer confidence in Washington. It is widely used by economists, policymakers, and market analysts to gauge the economic conditions and spending patterns in the state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and consumers.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, central banks, and market analysts to monitor consumer spending patterns and inform economic policies and market strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months. There may be revisions to previous estimates as more complete information becomes available.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Washington (WAPCEONDURG), retrieved from FRED.