Personal Consumption Expenditures: Goods: Durable Goods: Other Durable Goods for Pennsylvania
PAPCEODURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,946.70
Year-over-Year Change
36.27%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures household spending on durable goods in Pennsylvania, excluding major purchases like vehicles. It provides insights into consumer demand and the state's 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: Other Durable Goods for Pennsylvania trend represents discretionary spending by consumers in the state on long-lasting products like furniture, appliances, and recreational equipment. It is a key indicator of Pennsylvania's economic health and consumer confidence.
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, economists, and investors to assess the strength of Pennsylvania's consumer sector and make informed decisions.
Key Facts
- Pennsylvania's other durable goods spending accounts for about 25% of total durable goods expenditures.
- This trend has shown steady growth over the past decade, indicating increasing consumer confidence.
- Durable goods purchases are often used as a leading indicator of economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures household spending on durable goods in Pennsylvania, excluding major purchases like vehicles. It provides insights into consumer demand and the state's economic activity.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of Pennsylvania's economic health and consumer confidence, and is closely monitored by policymakers, economists, and investors to assess the strength of the state's consumer sector.
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: This trend is used by policymakers, economists, and investors to make informed decisions about the strength of Pennsylvania's consumer sector and the overall state of the economy.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical delay of 1-2 months from the end of the reporting period.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Other Durable Goods for Pennsylvania (PAPCEODURG), retrieved from FRED.