Gross Domestic Product: Accommodation and Food Services (72) in Pennsylvania
Quarterly, Seasonally Adjusted Annual Rate
PAACCOMDNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28,631.80
Year-over-Year Change
29.97%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (PAACCOMDNQGSP) measures the annualized change in real U.S. personal consumption expenditures (PCE) for durable goods on a quarterly basis.
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 indicator tracks consumer spending on long-lasting products like automobiles, furniture, and appliances. It is a key component of GDP and a closely watched metric for economists and policymakers assessing the health of the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA).
Historical Context
This trend is used by the Federal Reserve, government agencies, and private analysts to monitor consumer demand and inform economic policy decisions.
Key Facts
- Durable goods account for about 12% of total personal consumption expenditures.
- The series is seasonally adjusted to account for regular fluctuations throughout the year.
- Consumer spending on durable goods is an important leading indicator of economic activity.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (PAACCOMDNQGSP) measures the annualized change in real U.S. personal consumption expenditures (PCE) for durable goods on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This indicator is a key component of GDP and a closely watched metric for economists and policymakers assessing the health of the U.S. economy and consumer demand.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA).
Q: How is this trend used in economic policy?
A: The Quarterly, Seasonally Adjusted Annual Rate (PAACCOMDNQGSP) is used by the Federal Reserve, government agencies, and private analysts to monitor consumer demand and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a delay of approximately one month after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (PAACCOMDNQGSP), retrieved from FRED.