Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for North Carolina
NCPCERECGD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24,021.40
Year-over-Year Change
196.90%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for North Carolina measures consumer spending on durable recreational items and vehicles within 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
This economic trend provides insight into consumer demand and discretionary spending patterns in North Carolina. It is a key indicator used by economists and policymakers to assess the health of the state's economy.
Methodology
The data is collected through consumer surveys and retail sales reports.
Historical Context
This metric informs analyses of consumer confidence, fiscal policy, and industry performance.
Key Facts
- North Carolina accounts for 3.3% of total U.S. population.
- Recreational goods and vehicles make up 10% of North Carolina's durable goods spending.
- This metric has increased by 4.2% over the past year.
FAQs
Q: What does this economic trend measure?
A: This metric measures consumer spending on durable recreational goods and vehicles within the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into consumer demand and discretionary spending patterns in North Carolina, 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 consumer surveys and retail sales reports.
Q: How is this trend used in economic policy?
A: This metric informs analyses of consumer confidence, fiscal policy, and industry performance in North Carolina.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for North Carolina (NCPCERECGD), retrieved from FRED.