Per Capita Personal Consumption Expenditures: Nondurable Goods for Wisconsin
WIPCEPCNDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,589.00
Year-over-Year Change
48.16%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Per Capita Personal Consumption Expenditures: Nondurable Goods for Wisconsin' trend measures consumer spending on non-durable goods like food, clothing, and fuel in Wisconsin. It is a key indicator of economic activity and consumer confidence 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
This economic series tracks the average amount spent per person in Wisconsin on consumable goods that cannot be stored for long periods, such as groceries, gasoline, and personal care products. It is used by policymakers and analysts to assess the health of Wisconsin's consumer economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of consumer spending.
Historical Context
This trend provides important insights into Wisconsin's economic performance and consumer sentiment that can inform policy decisions.
Key Facts
- Wisconsin's per capita nondurable goods spending was $18,299 in 2021.
- Nondurable goods account for over 50% of total personal consumption in Wisconsin.
- Nondurable goods spending has grown 4.2% annually in Wisconsin over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent per person in Wisconsin on non-durable consumer goods like food, clothing, and fuel.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the strength of Wisconsin's consumer economy and can help inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of consumer spending.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess consumer confidence and economic activity in Wisconsin, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods for Wisconsin (WIPCEPCNDURG), retrieved from FRED.