Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Arkansas
ARPCEPCRECGD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,257.00
Year-over-Year Change
67.38%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on durable recreational goods and vehicles in Arkansas. It provides insights into consumer demand and household spending patterns 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
The Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Arkansas trend tracks the average amount spent per person in the state on durable goods used for recreational purposes, such as sports equipment, musical instruments, and motor vehicles.
Methodology
The data is collected through household surveys and other sources by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is used by economists and policymakers to assess consumer confidence and spending behavior in Arkansas.
Key Facts
- Durable goods account for a significant portion of consumer spending.
- Recreational spending can indicate consumer confidence and discretionary income.
- Arkansas per capita consumption data provides insights into the state's economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent per person in Arkansas on durable goods used for recreational purposes, such as sports equipment, musical instruments, and motor vehicles.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand and household spending patterns in Arkansas, which can be useful for economists and policymakers assessing the state's economic conditions and consumer confidence.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and other sources by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to analyze consumer spending behavior and its impact on the Arkansas economy, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Federal Reserve, but there may be some delay in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Arkansas (ARPCEPCRECGD), retrieved from FRED.