Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Motor Vehicles and Parts for District of Columbia
DCPCEPCVEH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,430.00
Year-over-Year Change
72.83%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on durable goods, specifically motor vehicles and parts, for the District of Columbia. It provides insight into consumer demand and spending patterns in the region.
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 Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Motor Vehicles and Parts for District of Columbia series tracks consumer spending on durable goods like cars, trucks, and auto parts within the District of Columbia. This metric is used by economists and policymakers to assess the state of the local economy and consumer confidence.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is relevant for analyzing consumer behavior, retail sales, and the automotive industry in the District of Columbia.
Key Facts
- This metric is reported on a quarterly basis.
- It covers both new and used motor vehicle purchases.
- Durable goods account for a significant portion of personal consumption expenditures.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on durable goods, specifically motor vehicles and parts, within the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer demand and spending patterns in the local economy, which is useful for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend is used to analyze consumer behavior, retail sales, and the automotive industry, which can inform economic policies and decisions.
Q: Are there update delays or limitations?
A: This metric is reported on a quarterly basis, and there may be some delays in data availability.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Motor Vehicles and Parts for District of Columbia (DCPCEPCVEH), retrieved from FRED.