Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Arkansas
ARPCEPCFUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,282.00
Year-over-Year Change
91.63%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Arkansas' trend measures the average amount spent by Arkansas residents on durable household goods and furnishings.
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 metric provides insight into consumer spending patterns and the overall health of the Arkansas economy. It is used by economists and policymakers to analyze trends in household consumption and evaluate the economic well-being of Arkansas residents.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis (BEA) through surveys and economic indicators.
Historical Context
This trend is relevant for understanding consumer demand and informing economic policy decisions.
Key Facts
- Arkansas per capita spending on durable household goods averaged $2,200 in 2021.
- Durable goods account for approximately 20% of total personal consumption in Arkansas.
- Spending on furnishings and equipment has grown 3.5% annually in Arkansas over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent by Arkansas residents on durable household goods and furnishings, such as furniture, appliances, and electronics.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending patterns and the overall health of the Arkansas economy, which is useful for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis (BEA) through surveys and economic indicators.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding consumer demand and informing economic policy decisions in Arkansas.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the BEA, with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Arkansas (ARPCEPCFUR), retrieved from FRED.