Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Southeast BEA Region
SESTPCEPCFUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,436.00
Year-over-Year Change
87.47%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on durable goods, specifically furnishings and household equipment, in the Southeast region of the United States. It provides insights into consumer spending patterns and economic conditions.
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 Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Southeast BEA Region trend tracks consumer spending on durable household items like furniture, appliances, and electronics in the Southeast region. This data is used by economists and policymakers to analyze consumer demand and the overall health of the regional economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on consumer surveys and other economic indicators.
Historical Context
This trend is relevant for understanding consumer behavior and the state of the regional economy, which can inform policy decisions and business strategies.
Key Facts
- The Southeast region includes Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.
- Durable goods like furniture and appliances account for a significant portion of consumer spending and indicate economic confidence.
- Consumer spending on durable goods is an important component of GDP and a key indicator of economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on durable goods, specifically furnishings and household equipment, in the Southeast region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending patterns and the overall health of the regional economy, which is useful for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on consumer surveys and other economic indicators.
Q: How is this trend used in economic policy?
A: This trend can inform policy decisions and business strategies by providing a measure of consumer demand and regional economic conditions.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the BEA, and there may be some delays in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Southeast BEA Region (SESTPCEPCFUR), retrieved from FRED.