Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Wisconsin
WIPCEFUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,056.60
Year-over-Year Change
84.08%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on durable goods for furnishings and household equipment in Wisconsin. It provides insights into consumer demand and economic activity 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
The Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Wisconsin series tracks consumer spending on items like furniture, appliances, and other durable household goods within the state. This data is used by economists and policymakers to analyze trends in consumer behavior and Wisconsin's economic conditions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of consumer spending.
Historical Context
This metric is relevant for understanding Wisconsin's consumer-driven economic performance and can inform policy decisions and market strategies.
Key Facts
- Furnishings and household equipment account for a significant portion of Wisconsin's consumer spending.
- Trends in this metric can indicate changes in consumer confidence and household purchasing power.
- The data is released quarterly by the U.S. Bureau of Economic Analysis.
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 Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand and economic activity within Wisconsin, which is useful for economists, policymakers, and businesses operating in the state.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of consumer spending.
Q: How is this trend used in economic policy?
A: This metric can inform policy decisions and market strategies by providing insights into Wisconsin's consumer-driven economic performance.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, so there may be a delay in the most recent information.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Wisconsin (WIPCEFUR), retrieved from FRED.