Per Capita Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Wisconsin
WIPCEPCONDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,330.00
Year-over-Year Change
59.78%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Per Capita Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Wisconsin' trend measures consumer spending on a specific category of nondurable goods within Wisconsin. This metric provides insights into the state's economic health and consumer behavior.
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 tracks per capita personal consumption expenditures on other nondurable goods, excluding food and beverage, clothing and footwear, and gasoline and other energy goods, in the state of Wisconsin. It is a valuable indicator of consumer demand and spending patterns that can inform economic policymaking and business strategy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its personal consumption expenditures (PCE) estimates.
Historical Context
This trend is used by economists, policymakers, and businesses to understand consumer behavior and gauge the economic conditions in Wisconsin.
Key Facts
- Wisconsin's per capita spending on other nondurable goods was $4,324 in 2021.
- This trend has shown steady growth over the past decade, indicating increased consumer demand.
- Other nondurable goods account for approximately 15% of total personal consumption expenditures in Wisconsin.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on other nondurable goods, excluding food, beverages, clothing, and energy, in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending patterns and the overall economic health of Wisconsin, which is valuable information for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its personal consumption expenditures (PCE) estimates.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to understand consumer behavior and assess the economic conditions in Wisconsin, which can inform policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The data is released with a lag, and there may be occasional revisions to historical values as more information becomes available.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Wisconsin (WIPCEPCONDURG), retrieved from FRED.