Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Massachusetts
MAPCEFUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,933.10
Year-over-Year Change
74.88%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on durable goods for furnishings and household equipment in Massachusetts. It provides insights into consumer demand and household 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 Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Massachusetts series tracks consumer spending on durable household items like furniture, appliances, and other furnishings. This data is used by economists and policymakers to analyze trends in consumer behavior and the state's economic health.
Methodology
The data is collected through surveys of households and businesses in Massachusetts by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is relevant for understanding consumer confidence and the performance of Massachusetts' retail and housing sectors.
Key Facts
- Durable goods account for over 20% of total personal consumption in Massachusetts.
- Furnishings and household equipment spending has grown by 4% annually on average over the past decade.
- Trends in this metric often correlate with the state's housing market activity.
FAQs
Q: What does this economic trend measure?
A: This metric tracks personal consumption expenditures on durable household goods like furniture, appliances, and other furnishings in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer demand and spending patterns in Massachusetts, which is important for understanding the state's economic performance and outlook.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses in Massachusetts by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess consumer confidence, retail sector health, and broader economic conditions in Massachusetts.
Q: Are there update delays or limitations?
A: This data is published quarterly with a 2-3 month lag by the U.S. Bureau of Economic Analysis.
Related Trends
Housing Inventory: Price Reduced Count in Massachusetts
PRIREDCOUMA
State Government Tax Collections, Total Sales and Gross Receipts Taxes in Massachusetts
MASLGRTAX
Real Gross Domestic Product: Farms (111-112) in Massachusetts
MAFARMRGSP
Gross Domestic Product: Trade (42, 44-45) in Massachusetts
MATRADENGSP
Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods: Computer and Electronic Product Manufacturing in Massachusetts
SMU25000003133400030
All Employees: Construction in Massachusetts
MACONSN
Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Massachusetts (MAPCEFUR), retrieved from FRED.