Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Montana
MTPCEPCRECGD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,081.00
Year-over-Year Change
83.03%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures per capita personal consumption expenditures on durable recreational goods and vehicles in Montana. It provides insights into consumer demand and economic activity 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 on durable recreational goods and vehicles trend captures Montana residents' spending on items like televisions, audio equipment, and other recreational vehicles. This metric is useful for analyzing consumer behavior and the state's economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is relevant for policymakers, market analysts, and businesses to understand Montana's consumer demand and spending patterns.
Key Facts
- Montana's per capita recreational goods and vehicles spending was $3,261 in 2021.
- Durable recreational goods account for about 15% of total personal consumption expenditures in Montana.
- The trend has shown steady growth over the past decade, reflecting the state's expanding economy and consumer demand.
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 Montana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand and economic activity in Montana, which is useful for policymakers, market analysts, and businesses.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding Montana's consumer demand and spending patterns, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Bureau of Economic Analysis, but there may be slight delays in the most recent data.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Montana (MTPCEPCRECGD), retrieved from FRED.