Personal Consumption Expenditures: Goods: Durable Goods: Motor Vehicles and Parts for Missouri
MOPCEVEH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,655.30
Year-over-Year Change
99.37%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Personal Consumption Expenditures: Goods: Durable Goods: Motor Vehicles and Parts for Missouri' metric tracks consumer spending on motor vehicles and parts in the state of Missouri. This data provides insights into economic activity and consumer demand within the automobile industry.
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 economic series measures consumer expenditures on durable goods, specifically motor vehicles and parts, within the state of Missouri. It is a key indicator of consumer confidence and spending patterns, which are crucial for understanding the health of the local economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of households and businesses.
Historical Context
Policymakers and market analysts use this trend to assess the strength of the Missouri economy and consumer demand for durable goods.
Key Facts
- Missouri is the 18th largest state by population.
- The automotive industry is a significant contributor to Missouri's economy.
- Consumer spending on durable goods can signal changes in economic conditions.
FAQs
Q: What does this economic trend measure?
A: This metric tracks consumer spending on motor vehicles and parts within the state of Missouri, providing insights into consumer demand and economic activity in the automotive industry.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding the health of the Missouri economy and consumer confidence, as well as for analyzing trends in the automotive industry.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of households and businesses.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to assess the strength of the Missouri economy and consumer demand for durable goods, which can inform economic policies and business strategies.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the U.S. Bureau of Economic Analysis, and may have a short delay in availability compared to real-time consumer spending.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Motor Vehicles and Parts for Missouri (MOPCEVEH), retrieved from FRED.