Personal Consumption Expenditures: Goods: Durable Goods: Other Durable Goods for Arizona
AZPCEODURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,061.30
Year-over-Year Change
77.40%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures consumer spending on durable goods in the state of Arizona, excluding major categories like automobiles and furniture. It provides insights into household demand for other types of long-lasting purchases.
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 Personal Consumption Expenditures: Goods: Durable Goods: Other Durable Goods for Arizona metric tracks consumer spending on a diverse range of durable goods, such as appliances, sports equipment, and jewelry. This data is a key indicator of economic health and consumer confidence in the state.
Methodology
The data is collected through household surveys and business reporting by the U.S. Bureau of Economic Analysis.
Historical Context
Economists and policymakers monitor this trend to gauge Arizona's economic conditions and household spending patterns.
Key Facts
- Other durable goods account for about 25% of total durable goods spending in Arizona.
- This category excludes major purchases like vehicles and furniture.
- Spending on other durable goods is often viewed as a discretionary component of consumer demand.
FAQs
Q: What does this economic trend measure?
A: This metric tracks consumer spending on durable goods in Arizona, excluding major categories like automobiles and furniture.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into household demand for a diverse range of durable goods, which is a key indicator of economic health and consumer confidence in the state.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and business reporting by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to gauge Arizona's economic conditions and household spending patterns.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and revisions of the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Other Durable Goods for Arizona (AZPCEODURG), retrieved from FRED.