Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Rhode Island
RIPCERECGD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,361.00
Year-over-Year Change
71.24%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Rhode Island' series measures consumer spending on durable recreational goods and vehicles in Rhode Island.
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 provides insight into the state's consumer demand for recreational products and vehicles, which are significant components of overall economic activity. Analysts and policymakers monitor this trend to assess Rhode Island's consumer spending patterns and gauge the health of the local economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of consumers and businesses.
Historical Context
This metric is used by economists and policymakers to inform decisions and policies related to consumer spending, retail, and the broader economic environment in Rhode Island.
Key Facts
- Durable goods account for a significant portion of consumer spending in Rhode Island.
- Recreational goods and vehicles are a major component of durable goods expenditures.
- Consumer demand for these products is a key indicator of economic health in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures consumer spending on durable recreational goods and vehicles in the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into consumer demand and the overall health of the Rhode Island economy, which is crucial for analysts and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of consumers and businesses.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to inform decisions and policies related to consumer spending, retail, and the broader economic environment in Rhode Island.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and potential revisions by the U.S. Bureau of Economic Analysis.
Related Trends
Real Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Rhode Island
RIAGRRQGSP
Monthly State Retail Sales: Food and Beverage Stores in Rhode Island
MSRSRI445
Value of Exports to Hungary from Rhode Island
RIHUNA052SCEN
All Employees: Mining and Logging in Rhode Island
SMU44000001000000001A
Coincident Economic Activity Index for Rhode Island
RIPHCI
Per Capita Personal Consumption Expenditures: Services: Food Services and Accommodations for Rhode Island
RIPCEPCFDSRVACCMD
Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Rhode Island (RIPCERECGD), retrieved from FRED.