Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Pennsylvania
PAPCEFUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,396.00
Year-over-Year Change
75.64%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on durable goods for furnishings and household equipment in Pennsylvania. It provides insights into consumer demand and economic conditions in 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
The Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Pennsylvania series tracks consumer spending on durable household items like furniture, appliances, and other equipment in the state. This metric is a key indicator of consumer confidence and can inform economic policymaking.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is used by economists, policymakers, and market analysts to assess the strength of Pennsylvania's consumer economy.
Key Facts
- Furnishings and household equipment account for over 20% of total durable goods spending in Pennsylvania.
- Durable goods purchases tend to be more volatile than non-durable goods, reflecting consumer confidence.
- Pennsylvania's per capita durable goods spending is close to the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures consumer spending on durable household goods and furnishings in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer confidence and the strength of Pennsylvania's consumer economy, which is valuable for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the health of Pennsylvania's consumer sector and make informed decisions about economic policy.
Q: Are there update delays or limitations?
A: There may be lags of several months in the data releases, and the series only covers Pennsylvania rather than the entire U.S.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Pennsylvania (PAPCEFUR), retrieved from FRED.