Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Colorado
COPCERECGD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,595.50
Year-over-Year Change
145.61%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Colorado measures consumer spending on durable recreational items 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
This economic indicator tracks household consumption of durable recreational goods and vehicles in Colorado. It is a key component of overall personal consumption expenditures, which is a major driver of economic growth.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
This metric provides insights into consumer demand and confidence that are useful for policymakers and market analysts.
Key Facts
- Recreational goods and vehicles make up a significant portion of Colorado's consumer spending.
- This metric is a leading indicator of economic conditions in the state.
- Durable goods purchases often signal consumer confidence and willingness to make large purchases.
FAQs
Q: What does this economic trend measure?
A: This metric tracks consumer spending on durable recreational goods and vehicles in the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into consumer demand and confidence, which are crucial for understanding the state's economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this metric to gauge consumer behavior and its impact on the Colorado economy.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting due to the survey-based collection process.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Colorado (COPCERECGD), retrieved from FRED.