Personal Consumption Expenditures: Goods for Idaho
IDPCEG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32,737.60
Year-over-Year Change
106.36%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Goods for Idaho trend measures consumer spending on goods in the state of Idaho. This metric is closely watched by economists as it provides insights into the strength of the local economy and consumer demand.
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 Personal Consumption Expenditures: Goods for Idaho series tracks the total dollar value of goods purchased by consumers in the state of Idaho. It is a key indicator of economic activity and a component of the broader Personal Consumption Expenditures (PCE) metric at the national level.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on surveys of consumer spending.
Historical Context
This trend is used by policymakers, analysts, and businesses to assess the health of the Idaho economy and consumer confidence.
Key Facts
- Idaho's PCE Goods reached a record high of $X.XX billion in Q4 2022.
- Consumer spending on goods accounts for approximately Y% of total personal consumption in Idaho.
- PCE Goods in Idaho has grown at an average annual rate of Z% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Personal Consumption Expenditures: Goods for Idaho trend measures the total dollar value of goods purchased by consumers in the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the strength of consumer demand and the overall health of the Idaho economy, making it a closely watched indicator for policymakers, businesses, and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on surveys of consumer spending in Idaho.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Personal Consumption Expenditures: Goods for Idaho trend to assess the state's economic conditions, consumer confidence, and the potential impact of policy decisions on consumer spending.
Q: Are there update delays or limitations?
A: The Personal Consumption Expenditures: Goods for Idaho data is typically released on a quarterly basis, with a slight delay to allow for data collection and processing.
Related Trends
Per Capita Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Idaho
IDPCEPCGAS
Gross Domestic Product: Information (51) in Idaho
IDINFONQGSP
Chain-Type Quantity Index for Real GDP: Agriculture, Forestry, Fishing and Hunting (11) in Idaho
IDAGRQGSP
Average Weekly Earnings of All Employees: Construction in Idaho
SMU16000002000000011
Insured Unemployment Rate in Idaho
IDINSUREDUR
Gross Domestic Product: Mining, Quarrying, and Oil and Gas Extraction (21) in Idaho
IDMINNQGSP
Citation
U.S. Bureau of Economic Analysis, Personal Consumption Expenditures: Goods for Idaho (IDPCEG), retrieved from FRED.