Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Pennsylvania
PAPCERECGD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26,427.10
Year-over-Year Change
70.05%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Pennsylvania measures consumer spending on durable recreational items and vehicles 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
This economic series provides insight into Pennsylvania consumers' demand for durable recreational products and automobiles, which are important indicators of 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
Economists and policymakers monitor this trend to assess consumer spending patterns and make informed decisions.
Key Facts
- Pennsylvania accounts for 4% of U.S. population.
- Recreational goods and vehicles make up 20% of durable goods spending.
- Durable goods spending tends to be more volatile than non-durable goods.
FAQs
Q: What does this economic trend measure?
A: This trend measures consumer spending on durable recreational goods and vehicles in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into consumer demand and confidence, which are important indicators of economic health and can inform policy decisions.
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: Economists and policymakers monitor this trend to assess consumer spending patterns and make informed decisions about fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Pennsylvania (PAPCERECGD), retrieved from FRED.