Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Wisconsin
WIPCEONDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25,593.20
Year-over-Year Change
65.30%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures Wisconsin's personal consumption expenditures on nondurable goods, excluding food and energy. It provides insights into consumer spending patterns and overall economic activity in the state.
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 (PCE) Nondurable Goods: Other Nondurable Goods for Wisconsin series tracks consumer spending on items like clothing, recreational goods, and other non-essential purchases. This data is widely used by economists and policymakers to assess the strength of the state's consumer economy.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Economic Analysis.
Historical Context
Trends in this metric are closely monitored for their implications on Wisconsin's retail sales, employment, and overall economic conditions.
Key Facts
- Wisconsin's other nondurable goods spending accounts for about 25% of total personal consumption expenditures.
- This metric has shown steady growth over the past decade, reflecting the state's economic expansion.
- Fluctuations in other nondurable goods spending can signal changes in consumer confidence and discretionary income.
FAQs
Q: What does this economic trend measure?
A: This trend measures personal consumption expenditures on nondurable goods, excluding food and energy, for the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: Trends in this metric provide insights into the strength of Wisconsin's consumer economy and signal changes in consumer spending patterns and discretionary income.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this metric to assess the overall health of Wisconsin's retail sector and consumer-driven economic activity.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of 1-2 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Wisconsin (WIPCEONDURG), retrieved from FRED.