New statistics detailing consumer spending by state will be released Tuesday, Dec. 1 at 8:30 a.m. eastern time by the U.S. Bureau of Economic Analysis.
It marks the first time that BEA is producing these statistics on a regular basis. The statistics will provide insights into household spending patterns across states from 2014 back to 1997. The statistics will show total consumer spending for each state, along with the state breakout of consumer spending on various goods and services, including motor vehicles, clothing, home furnishings, food, gasoline, housing and utilities, health care and recreational services. Data showing per-capita consumer spending for each state will also be available.
Previously, BEA had released prototype statistics on consumer spending at the state level. Before the prototype consumer spending by state statistics, BEA published consumer spending data at the national level only.
State-level consumer spending statistics can help businesses identify potential retail markets for expansion and can help policymakers better understand how economic shifts affect household spending patterns in a particular state.