Personal Consumption Expenditures: Goods: Durable Goods for Pennsylvania
PAPCEDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
81,778.60
Year-over-Year Change
66.07%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on durable goods in Pennsylvania. It provides insights into consumer demand and can inform policymakers and analysts on the state's economic health.
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 for Pennsylvania (PAPCEDURG) series tracks consumer spending on long-lasting products like automobiles, furniture, and appliances within the state. This metric is a key indicator of economic activity and consumer confidence.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of household spending.
Historical Context
Economists and policymakers monitor this trend to assess Pennsylvania's economic performance and consumer behavior.
Key Facts
- Pennsylvania accounts for 4% of U.S. GDP.
- Durable goods make up about 1/3 of total personal consumption expenditures.
- Consumer spending on durable goods is a leading indicator of economic activity.
FAQs
Q: What does this economic trend measure?
A: The PAPCEDURG series measures personal consumption expenditures on durable goods within the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand and spending patterns, which are key indicators of Pennsylvania's economic health and performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of household spending.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess Pennsylvania's economic activity and consumer confidence, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but may be subject to revisions and delays due to the survey-based collection process.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods for Pennsylvania (PAPCEDURG), retrieved from FRED.