Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Mississippi
MSPCERECGD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,786.50
Year-over-Year Change
96.18%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Mississippi' tracks consumer spending on durable recreational items and vehicles in the state of Mississippi.
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 indicator provides insight into the strength of Mississippi's consumer demand and confidence, as durable goods purchases often reflect discretionary spending. Economists and policymakers monitor this trend to assess the state's economic health and consumer behavior.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is used to inform fiscal and monetary policy decisions at the state and national level.
Key Facts
- Durable goods account for about 20% of total consumer spending.
- Recreational goods and vehicles make up a significant portion of durable goods purchases.
- Trends in this indicator help predict future consumer demand and economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures consumer spending on durable recreational goods and vehicles in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the strength of consumer demand and confidence in Mississippi, 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 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 trend to inform fiscal and monetary policy decisions at the state and national level.
Q: Are there update delays or limitations?
A: This data is typically published on a monthly basis, with some potential for short delays in reporting.
Related Trends
Chain-Type Quantity Index for Real GDP: Fabricated Metal Product Manufacturing (332) in Mississippi
MSFABRMETQGSP
Proprietors' Nonfarm Income in Mississippi
MSONON
Value of Exports to Canada from Mississippi
MSCANA052SCEN
Average Weekly Hours of All Employees: Goods Producing in Mississippi
SMU28000000600000002
Industrial Carbon Dioxide Emissions, Natural Gas (Pipeline) for Mississippi
EMISSCO2VNGICBMSA
All Employees: Government: State Government in Mississippi
SMS28000009092000001
Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Mississippi (MSPCERECGD), retrieved from FRED.