Per Capita Personal Consumption Expenditures: Goods: Durable Goods for South Carolina
SCPCEPCDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,797.00
Year-over-Year Change
92.98%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on durable goods in South Carolina. It provides insights into consumer spending and economic conditions within 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
Per capita personal consumption expenditures on durable goods is a key indicator of consumer demand and economic health in South Carolina. Durable goods are products with a lifespan of at least three years, such as automobiles, furniture, and electronics.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is used by policymakers, analysts, and businesses to gauge consumer confidence and the overall state of the South Carolina economy.
Key Facts
- South Carolina's per capita durable goods expenditures were $7,234 in 2021.
- Durable goods account for about 30% of total personal consumption in South Carolina.
- Durable goods spending tends to be more volatile than non-durable goods.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on durable goods in the state of South Carolina. Durable goods are products designed to last three years or more.
Q: Why is this trend relevant for users or analysts?
A: Durable goods spending is an important indicator of consumer confidence and economic conditions in South Carolina. It provides insights into household demand and can inform policy and business decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses use this trend to assess consumer demand, gauge economic health, and inform decisions related to the South Carolina economy.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods: Durable Goods for South Carolina (SCPCEPCDURG), retrieved from FRED.