Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Southeast BEA Region
SESTPCEFUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125,884.80
Year-over-Year Change
107.59%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on durable household furnishings and equipment in the Southeast region of the United States. It provides insights into consumer demand and economic activity in this key sector.
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 Southeast BEA Region tracks consumer spending on items like furniture, appliances, and other durable household goods in the Southeast United States. This metric is a valuable indicator of regional economic conditions and consumer confidence.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional personal consumption expenditures series.
Historical Context
This trend is closely monitored by economists, policymakers, and market analysts to assess the strength of consumer demand and broader economic trends in the Southeast.
Key Facts
- The Southeast region includes Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.
- Durable household equipment accounts for approximately 25% of total personal consumption expenditures in the Southeast.
- This trend has shown steady growth over the past decade, reflecting a strengthening regional economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures personal consumption expenditures on durable household furnishings and equipment, such as furniture, appliances, and other durable goods, in the Southeast region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into consumer demand and economic activity in the Southeast, making it a closely watched indicator for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional personal consumption expenditures series.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the strength of consumer demand and broader economic conditions in the Southeast, which can inform regional economic policies and initiatives.
Q: Are there update delays or limitations?
A: The data is typically published on a monthly basis, with a lag of approximately one to two months.
Related Trends
Gross Domestic Product: Manufacturing (31-33) in the Southeast BEA Region
SESTMANNQGSP
Real Gross Domestic Product: Plastics and Rubber Products Manufacturing (326) in the Southeast BEA Region
SESTPLASRUBMANRGSP
Real Gross Domestic Product: Miscellaneous Manufacturing (339) in the Southeast BEA Region
SESTMISCMANRGSP
Gross Domestic Product: Wholesale Trade (42) in the Southeast BEA Region
SESTWHOLENQGSP
Real Gross Domestic Product: Printing and Related Support Activities (323) in the Southeast BEA Region
SESTPRNTRGSP
Chain-Type Quantity Index for Real GDP: Mining, Quarrying, and Oil and Gas Extraction (21) in the Southeast BEA Region
SESTMINQGSP
Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Southeast BEA Region (SESTPCEFUR), retrieved from FRED.