Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Nebraska
NEPCEFUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,461.20
Year-over-Year Change
90.48%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures consumer spending on durable household furnishings and equipment in Nebraska. It provides valuable insights into the state's consumer demand and economic activity.
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 Nebraska metric tracks the value of household purchases of durable goods like furniture, appliances, and other home furnishings. This metric helps economists analyze consumer behavior and gauge the strength of the local economy.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is closely monitored by policymakers and market analysts to assess the health of Nebraska's consumer sector and make informed decisions.
Key Facts
- This metric covers over $6 billion in annual consumer expenditures in Nebraska.
- Furniture and home furnishings account for the largest share of this spending category.
- Trends in this data help predict changes in the state's housing and construction sectors.
FAQs
Q: What does this economic trend measure?
A: This trend measures consumer spending on durable household furnishings and equipment in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Nebraska's consumer demand and economic health, which is crucial information for policymakers, businesses, and market analysts.
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: Trends in this data are closely monitored by policymakers and market analysts to assess the strength of Nebraska's consumer sector and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Nebraska (NEPCEFUR), retrieved from FRED.