Personal Consumption Expenditures: Goods: Durable Goods for Florida
FLPCEDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
168,063.40
Year-over-Year Change
125.19%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Goods: Durable Goods for Florida measures consumer spending on long-lasting goods in the state. It is a key indicator of economic activity and consumer confidence.
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 tracks purchases of durable consumer goods like automobiles, appliances, and electronics in Florida. It provides insights into the strength of consumer demand and can signal broader economic trends.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this indicator to assess the health of the Florida economy and make informed decisions.
Key Facts
- Florida accounts for over 5% of total U.S. personal consumption expenditures.
- Durable goods make up around 25% of total personal consumption in Florida.
- Consumer spending on durable goods has shown steady growth in Florida since 2010.
FAQs
Q: What does this economic trend measure?
A: This metric tracks consumer spending on long-lasting durable goods, such as automobiles, appliances, and electronics, in the state of Florida.
Q: Why is this trend relevant for users or analysts?
A: Durable goods spending is a key indicator of consumer confidence and economic activity, providing insights into the strength of Florida's economy.
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 analysts use this indicator to assess the health of the Florida economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of 1-2 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods for Florida (FLPCEDURG), retrieved from FRED.