Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Missouri
MOPCEFUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,731.50
Year-over-Year Change
76.84%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures consumer spending on durable household furnishings and equipment in Missouri. It provides insights into the strength of the state's consumer demand and can inform economic policy decisions.
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 Missouri tracks consumer expenditures on items like furniture, appliances, and other long-lasting household goods. This metric is a key indicator of consumer confidence and discretionary spending in the state.
Methodology
The data is collected through household surveys by the U.S. Bureau of Economic Analysis.
Historical Context
Economists and policymakers monitor this trend to assess the health of Missouri's consumer economy and broader economic conditions.
Key Facts
- Missouri accounts for over 2% of total U.S. consumer spending on durable goods.
- Durable goods purchases make up about 20% of total consumer expenditures in Missouri.
- Spending on furnishings and household equipment in Missouri has grown by over 30% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures consumer spending on durable household furnishings and equipment in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the strength of consumer demand and discretionary spending in Missouri, which is a key indicator of the state's economic health.
Q: How is this data collected or calculated?
A: The data is collected through household surveys 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 assess the state of Missouri's consumer economy and make informed decisions about economic policy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of approximately 3 months.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Missouri (MOPCEFUR), retrieved from FRED.