Per Capita Personal Consumption Expenditures: Goods: Durable Goods for Arkansas
ARPCEPCDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,138.00
Year-over-Year Change
70.58%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Per Capita Personal Consumption Expenditures: Goods: Durable Goods for Arkansas' metric tracks consumer spending on durable goods in Arkansas. This important economic indicator provides insights into the state's economic health and consumer confidence.
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 measures personal consumption expenditures on durable goods per capita in Arkansas. Durable goods are products that have a lifespan of at least 3 years, such as cars, appliances, and furniture. The metric is used to analyze consumer spending patterns and gauge the overall economic performance of the state.
Methodology
The data is collected through household surveys and administrative records by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts utilize this trend to inform economic and fiscal decisions in Arkansas.
Key Facts
- Durable goods account for a significant portion of consumer spending in Arkansas.
- The trend has shown fluctuations over time, reflecting changes in consumer confidence and economic conditions.
- Policymakers use this metric to gauge the state's economic performance and make informed decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures personal consumption expenditures on durable goods per capita in the state of Arkansas. Durable goods are products that have a lifespan of at least 3 years, such as cars, appliances, and furniture.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending patterns and the overall economic performance of Arkansas. It is a valuable metric for policymakers, economists, and analysts to assess the state's economic health and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and administrative records by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts utilize this trend to inform economic and fiscal decisions in Arkansas. It helps them understand consumer behavior and gauge the state's economic performance.
Q: Are there update delays or limitations?
A: There may be some delays in the data updates due to the time required for data collection and processing by the statistical agencies. Additionally, the data may not capture all economic activities in the state.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods: Durable Goods for Arkansas (ARPCEPCDURG), retrieved from FRED.