Greetings, I'm an expert in economic data analysis, particularly in the realm of the United States Gross Domestic Product (GDP) and Personal Consumption Expenditures (PCE). My comprehensive knowledge is backed by years of experience and a deep understanding of economic indicators.
Now, let's delve into the information provided in the dataset related to the United States GDP, specifically focusing on Personal Consumption Expenditures (PCE) for various categories.
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Off-Premise Consumption (OC) - Food
See AlsoIBISWorld - Industry Market Research, Reports, and StatisticsState of Retail & the Consumer 2023What is a good inventory turnover ratio for retail?Retailers Face Headwinds In 2023 As Consumer Spending Slows- The data indicates a value of USD 644.20 billion for OC Food in October 2003.
- This category covers a broad spectrum, including beef & veal, pork, other meats, fresh milk & cream, processed dairy products, poultry, eggs, fresh fruits, fresh vegetables, cereals, bakery products, fats & oils, sugar & sweets, juices & nonalcoholic beverages, other foods, fish & seafood, and pet food.
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Alcoholic Beverages (AB)
- Within OC Food, Alcoholic Beverages (AB) account for USD 79.69 billion in October 2003.
- Further breakdown includes distilled spirits at home, wine & brandy at home, and beer & ale at home.
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Purchased Meals & Beverages (PM&B)
- The dataset reports USD 455.23 billion for PM&B in October 2003.
- Subcategories encompass food, elementary & secondary school lunch, higher education school lunch, others, and alcohol.
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Limited Service Eating Place, Other Eating Places, Drinking Places
- Under PM&B, the breakdown includes expenditures on limited service eating places, other eating places, and drinking places.
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Employees incl. Military (EM) - Food Expenditures
- EM Food expenditures total USD 10.49 billion, with civilian and military supplied components.
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Clothing & Shoes (C&S)
- Clothing & Shoes account for USD 334.14 billion in October 2003.
- Further classifications include shoes, women/children clothing & accessories, female clothing & sewing, female clothing, infants clothing, female sewing goods, female luggage, men/boys' clothing & accessories, male clothing, men and boys' clothing, male clothing & sewing, male luggage, male sewing goods, and military personnel clothing.
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Gasoline and Oil (GF)
- Expenditures on gasoline and oil amount to USD 189.21 billion in October 2003.
- The breakdown includes gasoline & other motor fuel, lubricants, fuel oil & coal, fuel oil, LPG & other fuel, LPG & other fuel & farm fuel, and farm fuel.
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Other Expenditure Categories
- The dataset includes various other expenditure categories such as tobacco products, residents' expenditure abroad, semidurable house furnishing, drug preparations & sundries, stationery & writing supplies, nondurable toys & sport supplies, magazines, newspapers & sheet music, and net foreign remittances.
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Memo: Total Goods and Control Group
- The dataset includes a memo section with information on total goods and a control group.
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Energy Goods & Services, PCE excl. Food & Energy
- Specific categories like gasoline, fuel oil & other energy goods (GF) and energy goods & services are included.
- PCE excluding food & energy is reported as USD 6,289.71 billion in October 2003.
This information provides a detailed overview of consumer expenditures within the United States, offering insights into various sectors of the economy during October 2003.
