Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Maryland
MDPCEFUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,101.60
Year-over-Year Change
59.90%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on durable goods like furnishings and household equipment in Maryland. It's an important indicator of consumer demand and confidence in the state's economy.
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 Maryland series tracks household spending on durable goods like furniture, appliances, and other home furnishings. This measure provides insights into consumer behavior and economic health in the state.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is useful for policymakers, economists, and investors to assess consumer spending patterns and the overall strength of Maryland's economy.
Key Facts
- Maryland is the 19th largest state by population.
- Durable goods account for about 20% of total personal consumption expenditures.
- Furnishings and household equipment make up around 30% of durable goods spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures personal consumption expenditures on durable goods like furnishings and household equipment in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand and confidence in Maryland's economy, which is useful for policymakers, economists, 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: This trend is used by policymakers, economists, and investors to assess consumer spending patterns and the overall strength of Maryland's economy.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the data provider.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Maryland (MDPCEFUR), retrieved from FRED.