Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Mississippi
MSPCEPCRECGD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
948.00
Year-over-Year Change
98.74%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on durable recreational goods and vehicles in Mississippi. It provides insights into consumer demand and spending patterns in 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
The 'Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Mississippi' series tracks consumer spending on durable recreational items like sports equipment, musical instruments, and motor vehicles within the state. This data is used by economists and policymakers to analyze consumer behavior and assess the economic health of Mississippi.
Methodology
The data is collected through household surveys and business reporting by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is relevant for understanding consumer demand, retail sales, and the broader economic conditions in Mississippi.
Key Facts
- Mississippi per capita recreational spending was $3,175 in 2021.
- Durable goods account for over 40% of total personal consumption in Mississippi.
- Recreational spending has grown by 15% in Mississippi over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on durable recreational goods and vehicles in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer demand and spending patterns in Mississippi, which is important for understanding the state's economic health and consumer behavior.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and business reporting by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze consumer demand, retail sales, and broader economic conditions in Mississippi.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis with a short delay, and may be subject to revisions over time.
Related Trends
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Gross Domestic Product: Wood Product Manufacturing (321) in Mississippi
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Mississippi (MSPCEPCRECGD), retrieved from FRED.