Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Washington
WAPCERECGD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,943.50
Year-over-Year Change
180.83%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Washington measures consumer spending on durable recreational goods and vehicles in the state.
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 tracks consumer demand for durable recreational products like sports equipment, musical instruments, and motor vehicles within Washington. It is a key measure of economic activity and consumer confidence.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this metric to assess consumer spending patterns and their impact on the broader state economy.
Key Facts
- Consumer spending on recreational goods and vehicles in Washington totaled $24.3 billion in 2021.
- This indicator has increased by 8.2% over the past year, signaling growing consumer demand.
- Recreational goods and vehicles account for approximately 20% of total durable goods spending in the state.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks consumer spending on durable recreational goods and vehicles, such as sports equipment, musical instruments, and motor vehicles, within the state of Washington.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of consumer demand and economic activity in Washington. It provides insights into consumer confidence and spending patterns that are important for policymakers and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess consumer spending patterns and their impact on the broader state economy, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two months, so there may be a delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Washington (WAPCERECGD), retrieved from FRED.