Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Ohio
OHPCERECGD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,345.50
Year-over-Year Change
100.55%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Ohio measures consumer spending on durable recreational goods and vehicles 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 indicator tracks the dollar value of consumer purchases of durable recreational goods and vehicles in Ohio. It is a key measure of household consumption, which accounts for a large portion of economic activity.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is used by policymakers and analysts to gauge consumer demand and economic conditions in Ohio.
Key Facts
- Ohio's recreational goods and vehicles spending totaled $24.3 billion in 2021.
- This category accounts for 10% of total personal consumption expenditures in Ohio.
- Spending on recreational goods and vehicles has grown by 25% in Ohio since 2015.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks consumer spending on durable recreational goods and vehicles in the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This measure of household consumption is important for understanding economic conditions and consumer demand in Ohio.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to gauge consumer spending and overall economic activity in Ohio.
Q: Are there update delays or limitations?
A: There can be a 2-3 month delay in the release of this data by the Federal Reserve.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Ohio (OHPCERECGD), retrieved from FRED.