Personal Consumption Expenditures: Goods: Durable Goods: Other Durable Goods for Florida
FLPCEODURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,672.20
Year-over-Year Change
75.15%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures durable goods consumption in Florida, excluding major categories like motor vehicles and recreational goods. It provides insight into discretionary spending patterns and consumer confidence 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
Personal Consumption Expenditures (PCE) are a key measure of the value of goods and services purchased by consumers. The 'Other Durable Goods' component tracks Florida's demand for items like appliances, furniture, and miscellaneous durable products.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is used by policymakers and analysts to monitor economic conditions and consumer behavior in Florida.
Key Facts
- Florida accounts for 5.8% of total U.S. personal consumption expenditures.
- Other durable goods make up 25% of Florida's total durable goods spending.
- This metric has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of durable goods purchased by consumers in Florida, excluding major categories like motor vehicles and recreational items.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into discretionary spending patterns and consumer confidence within the Florida economy, which is important for policymakers and businesses.
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: This metric is used by policymakers and analysts to monitor economic conditions and consumer behavior in Florida, which can inform fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be some delays in reporting due to the survey collection process.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Other Durable Goods for Florida (FLPCEODURG), retrieved from FRED.