Per Capita Personal Consumption Expenditures: Goods: Durable Goods for Colorado
COPCEPCDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,831.00
Year-over-Year Change
100.59%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic indicator measures inflation-adjusted per capita personal consumption expenditures on durable goods in Colorado. It provides insights into consumer demand and spending patterns within 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
Per capita personal consumption expenditures on durable goods is a key measure of consumer activity and economic health in Colorado. It tracks the average amount spent by residents on long-lasting manufactured products such as vehicles, appliances, and furniture.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on household surveys and economic reports.
Historical Context
This metric is closely watched by policymakers, analysts, and businesses to gauge Colorado's economic performance and consumer confidence.
Key Facts
- Durable goods account for about a third of total personal consumption expenditures.
- Colorado's per capita durable goods spending tends to track national trends with some variation.
- Fluctuations in this metric can signal changes in consumer confidence and economic conditions.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average amount spent per person in Colorado on long-lasting manufactured products like vehicles, appliances, and furniture.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand, spending patterns, and economic health within the state of Colorado.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on household surveys and economic reports.
Q: How is this trend used in economic policy?
A: This indicator is closely watched by policymakers, analysts, and businesses to gauge Colorado's economic performance and consumer confidence.
Q: Are there update delays or limitations?
A: There may be a lag of several months before the latest data becomes available.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods: Durable Goods for Colorado (COPCEPCDURG), retrieved from FRED.