Personal Consumption Expenditures: Goods: Durable Goods for Missouri
MOPCEDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35,836.50
Year-over-Year Change
77.16%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Goods: Durable Goods for Missouri measures consumer spending on durable goods within the state. It is an important economic indicator for policymakers and analysts tracking consumer demand and economic conditions.
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 series represents personal consumption expenditures on durable goods by Missouri residents. Durable goods are physical products intended to last three years or more, such as automobiles, furniture, and electronics. The data is a key component of overall personal consumption and a leading indicator of economic activity.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and economists use this data to assess consumer confidence and the strength of the Missouri economy.
Key Facts
- Durable goods account for about 25% of total personal consumption expenditures.
- Durable goods spending is sensitive to interest rates and consumer confidence.
- Missouri's durable goods expenditures have grown by 20% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures consumer spending on durable goods, such as automobiles, furniture, and electronics, by residents of Missouri.
Q: Why is this trend relevant for users or analysts?
A: Durable goods expenditures are an important indicator of consumer confidence and economic conditions in Missouri.
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: Policymakers and economists use this data to assess consumer demand and the strength of the Missouri economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods for Missouri (MOPCEDURG), retrieved from FRED.