Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Southeast BEA Region
SESTPCEPCRECGD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,738.00
Year-over-Year Change
103.51%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Southeast BEA Region' measures household spending on durable recreational goods and vehicles in the Southeast region of the United States.
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 consumer demand and preferences for discretionary durable goods purchases, which are an important component of overall economic activity and growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on household surveys and economic records.
Historical Context
Policymakers and analysts use this metric to gauge regional consumer confidence and spending patterns.
Key Facts
- The Southeast region includes Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.
- Durable recreational goods include items like sports equipment, musical instruments, and other leisure products.
- Spending on these items is seen as a discretionary purchase that reflects consumer confidence.
FAQs
Q: What does this economic trend measure?
A: This indicator measures per capita personal consumption expenditures on durable recreational goods and vehicles in the Southeast region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer demand and preferences for discretionary durable goods purchases, which are an important component of overall economic activity and growth.
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 household surveys and economic records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge regional consumer confidence and spending patterns, which can inform economic and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may be subject to revisions as more complete information becomes available.
Related Trends
Gross Domestic Product: Amusement, Gambling, and Recreation Industries (713) in the Southeast BEA Region
SESTAMUSENGSP
Real Gross Domestic Product: Natural Resources and Mining (11, 21) in the Southeast BEA Region
SESTNATRESMINRGSP
Real Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in the Southeast BEA Region
SESTBRDTELERGSP
Chain-Type Quantity Index for Real GDP: Natural Resources and Mining (11, 21) in the Southeast BEA Region
SESTNATRESMINQGSP
Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in the Southeast BEA Region
SESTDURMANNQGSP
Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Southeast BEA Region
SESTPCEFUR
Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Southeast BEA Region (SESTPCEPCRECGD), retrieved from FRED.