Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for North Carolina
NCPCEFUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,399.80
Year-over-Year Change
123.78%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the personal consumption expenditures on durable household furnishings and equipment in North Carolina. It provides insights into consumer demand and spending patterns for these types of goods.
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 North Carolina metric tracks the consumer spending on a variety of durable household items, including furniture, appliances, and other furnishings. This data is used by economists and policymakers to assess the strength of the state's consumer market.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of consumer spending.
Historical Context
This metric helps inform decisions around economic and fiscal policy in North Carolina.
Key Facts
- North Carolina accounts for 3.2% of total U.S. personal consumption expenditures.
- Durable goods spending makes up 23.4% of total consumer expenditures in North Carolina.
- Furnishings and household equipment spending has grown by 4.8% annually in North Carolina over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This metric measures the personal consumption expenditures on durable household furnishings and equipment in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer demand and spending patterns for durable household goods in North Carolina, which is valuable for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of consumer spending.
Q: How is this trend used in economic policy?
A: This metric helps inform decisions around economic and fiscal policy in North Carolina, as it reflects the strength of the state's consumer market.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 1-2 month delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for North Carolina (NCPCEFUR), retrieved from FRED.