Personal Consumption Expenditures: Goods: Durable Goods: Other Durable Goods for Indiana
INPCEODURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,785.10
Year-over-Year Change
44.52%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Personal Consumption Expenditures: Goods: Durable Goods: Other Durable Goods for Indiana' trend measures consumer spending on durable goods excluding motor vehicles and parts in the state of Indiana. This is a key indicator of consumer demand and economic activity.
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 series tracks personal consumption expenditures on durable goods in Indiana, excluding motor vehicles and parts. Durable goods are products that have a lifespan of at least three years, and their purchase is seen as a bellwether for consumer confidence and the broader economy.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
Economists and policymakers monitor this trend to gauge the health of Indiana's consumer sector and make informed decisions about economic policy.
Key Facts
- Indiana's 'Other Durable Goods' spending accounts for around 3% of total personal consumption expenditures.
- This trend has exhibited steady growth over the past decade, reflecting the state's economic expansion.
- Durable goods purchases tend to be more sensitive to changes in interest rates and consumer confidence.
FAQs
Q: What does this economic trend measure?
A: This trend measures consumer spending on durable goods, excluding motor vehicles and parts, in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of consumer demand and overall economic activity in Indiana, providing insights for economists, policymakers, and investors.
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: Economists and policymakers monitor this trend to gauge the health of Indiana's consumer sector and make informed decisions about economic policy.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Other Durable Goods for Indiana (INPCEODURG), retrieved from FRED.