Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Motor Vehicles and Parts for Southeast BEA Region
SESTPCEPCVEH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,364.00
Year-over-Year Change
94.73%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures spending on durable goods, specifically motor vehicles and parts, per capita for the Southeast Bureau of Economic Analysis (BEA) region. It provides insight into consumer demand and economic activity in the region.
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: Motor Vehicles and Parts for Southeast BEA Region is a key indicator of consumer spending and regional economic performance. It tracks household expenditures on durable automotive goods, which are significant drivers of overall economic growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using household survey information.
Historical Context
This trend is widely used by policymakers, economists, and market analysts to assess regional consumer demand and the health of the automotive industry.
Key Facts
- The Southeast BEA region includes Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.
- Motor vehicle and parts purchases account for a significant portion of total durable goods spending by households.
- This metric can signal shifts in consumer confidence and changes in the regional economic landscape.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on durable goods, specifically motor vehicles and parts, for the Southeast BEA region.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into regional consumer demand and the health of the automotive industry, which are key factors in evaluating economic performance 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 using household survey information.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use this trend to assess regional consumer demand and the state of the automotive industry, which are important considerations for economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the Bureau of Economic Analysis, and there may be some time lag between the reporting period and the availability of the latest figures.
Related Trends
Gross Domestic Product: Educational Services, Health Care, and Social Assistance (61, 62) in the Southeast BEA Region
SESTEDHLTHSOCASSNGSP
Chain-Type Quantity Index for Real GDP: Machinery Manufacturing (333) in the Southeast BEA Region
SESTMACHMANQGSP
Chain-Type Quantity Index for Real GDP: Petroleum and Coal Products Manufacturing (324) in the Southeast BEA Region
SESTPETCOALMANQGSP
Gross Domestic Product: Data Processing, Hosting, and Other Information Services (518-519) in the Southeast BEA Region
SESTDATAWWWNGSP
Gross Domestic Product: Natural Resources and Mining (11, 21) in the Southeast BEA Region
SESTNATRESMINNGSP
Real Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in the Southeast BEA Region
SESTNDURMANRGSP
Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Motor Vehicles and Parts for Southeast BEA Region (SESTPCEPCVEH), retrieved from FRED.