Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Other Durable Goods for Massachusetts
MAPCEPCODURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
991.00
Year-over-Year Change
42.59%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on other durable goods in Massachusetts. It provides insights into consumer demand and household spending patterns 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
Per capita personal consumption expenditures on other durable goods is a key indicator of economic activity and consumer confidence in Massachusetts. It tracks household spending on a range of durable products beyond major categories like vehicles and furniture.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on household surveys and economic reports.
Historical Context
This metric is widely used by economists, policymakers, and market analysts to assess the strength of the Massachusetts economy and consumer environment.
Key Facts
- Durable goods account for a significant portion of household spending.
- Other durable goods include items like sports equipment, jewelry, and medical equipment.
- Trends in this metric can signal changes in consumer confidence and discretionary income.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on other durable goods in the state of Massachusetts. It provides insights into household spending on a range of durable products beyond major categories like vehicles and furniture.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of economic activity and consumer confidence in Massachusetts. Tracking changes in other durable goods spending can signal shifts in discretionary income and the overall health of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on household surveys and economic reports.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and market analysts to assess the strength of the Massachusetts economy and consumer environment. Changes in other durable goods spending can inform policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the collecting agency. There may be short delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Other Durable Goods for Massachusetts (MAPCEPCODURG), retrieved from FRED.