Personal Consumption Expenditures: Goods: Durable Goods: Other Durable Goods for North Carolina
NCPCEODURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,665.00
Year-over-Year Change
87.50%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on other durable goods in North Carolina. It provides insights into consumer demand and spending patterns for non-automotive durable products 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 Personal Consumption Expenditures: Goods: Durable Goods: Other Durable Goods for North Carolina trend represents household spending on a variety of long-lasting consumer goods, excluding motor vehicles and parts. This metric is used by economists to analyze the strength of the state's consumer sector and assess economic conditions.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and market analysts monitor this trend to gauge consumer confidence and the overall health of North Carolina's economy.
Key Facts
- Other durable goods include furniture, household appliances, and recreational equipment.
- Durable goods account for a significant portion of consumer spending in North Carolina.
- Trends in other durable goods expenditures can signal changes in consumer confidence and economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures personal consumption expenditures on other durable goods, excluding motor vehicles and parts, in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer demand and spending patterns for long-lasting consumer products in North Carolina, which is an important indicator of the state's economic health and consumer confidence.
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 market analysts monitor this trend to gauge consumer confidence and the overall health of North Carolina's economy, which can inform economic policies and investment decisions.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the data source, the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Other Durable Goods for North Carolina (NCPCEODURG), retrieved from FRED.