Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Hawaii
HIPCEPCFUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,367.00
Year-over-Year Change
78.46%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on durable goods like furnishings and household equipment in Hawaii. It provides insight into consumer demand and spending patterns 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
The Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Hawaii trend tracks the average amount spent per person on durable household items in the state. This metric is used by economists to analyze consumer behavior and the overall health of the local economy.
Methodology
The data is collected through surveys of consumer spending in Hawaii.
Historical Context
This trend is useful for assessing consumer confidence and demand in Hawaii's markets.
Key Facts
- Hawaii has the 11th highest per capita personal consumption expenditures on durable goods in the U.S.
- Durable goods account for around 20% of total personal consumption in Hawaii.
- Spending on furnishings and household equipment has increased by 3.2% annually in Hawaii over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent per person in Hawaii on durable goods like furnishings and household equipment, providing insight into consumer demand and spending patterns in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for economists and analysts to assess consumer confidence, demand, and the overall health of Hawaii's local economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer spending in Hawaii.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and market analysts to evaluate consumer behavior and demand in Hawaii's markets.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months.
Related Trends
Chain-Type Quantity Index for Real GDP: Printing and Related Support Activities (323) in Hawaii
HIPRNTQGSP
Coefficient for Transportation Carbon Dioxide Emissions, Residual Fuel for Hawaii
EMISSCO2CRFACBHIA
Average Weekly Hours of All Employees: Professional and Business Services in Hawaii
SMU15000006000000002A
High School Graduate or Higher for Hawaii
GCT1501HI
Real Gross Domestic Product: Arts, Entertainment, and Recreation (71) in Hawaii
HIARTENTRECRGSP
Transportation Carbon Dioxide Emissions, Petroleum for Hawaii
EMISSCO2TOTVTCPEHIA
Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Hawaii (HIPCEPCFUR), retrieved from FRED.