Real Gross Domestic Product: Educational Services (61) in North Dakota
Annual, Not Seasonally Adjusted
NDEDCATRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
209.70
Year-over-Year Change
17.15%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series tracks nominal personal consumption expenditures on durable goods. This measure provides insight into consumer demand for long-lasting products.
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 Annual, Not Seasonally Adjusted series represents total consumer spending on durable goods, such as cars, appliances, and electronics. This metric is important for analyzing economic growth, inflation, and consumer confidence.
Methodology
The data is collected through the Personal Consumption Expenditures (PCE) survey by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this durable goods spending data to forecast economic conditions and make informed decisions.
Key Facts
- Durable goods account for about 12% of total consumer spending.
- Spending on durable goods is more volatile than non-durable goods.
- The COVID-19 pandemic led to a sharp decline in durable goods purchases in 2020.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series tracks nominal personal consumption expenditures on durable goods, which are long-lasting consumer products.
Q: Why is this trend relevant for users or analysts?
A: Durable goods spending is an important indicator of consumer confidence and economic activity, as it represents a significant portion of total consumer expenditures.
Q: How is this data collected or calculated?
A: The data is collected through the Personal Consumption Expenditures (PCE) survey conducted by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this durable goods spending data to forecast economic conditions and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (NDEDCATRGSP), retrieved from FRED.