Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Virginia
VAPCEFUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,375.50
Year-over-Year Change
72.63%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the personal consumption expenditures on durable goods for furnishings and household equipment in Virginia. It provides insights into consumer demand and spending patterns for durable household items.
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 Virginia is a key economic indicator that tracks consumer spending on durable household items such as furniture, appliances, and other equipment. It is used by economists and policymakers to assess the health of the local economy and consumer confidence.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through household surveys and other sources.
Historical Context
This trend is important for understanding consumer behavior and its impact on the broader economy, including the housing and retail sectors.
Key Facts
- Virginia's durable goods spending accounts for over $20 billion annually.
- Furnishings and household equipment make up around 20% of total durable goods expenditures in Virginia.
- Consumer demand for durable goods is a leading indicator of economic health.
FAQs
Q: What does this economic trend measure?
A: This trend measures personal consumption expenditures on durable goods for furnishings and household equipment in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer demand and spending patterns for durable household items, which is an important indicator of economic health and consumer confidence.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through household surveys and other sources.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the state of the local economy, including the housing and retail sectors, and to inform economic policies and decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the U.S. Federal Reserve, with potential for minor delays or revisions.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Virginia (VAPCEFUR), retrieved from FRED.