Per Capita Personal Consumption Expenditures: Goods: Durable Goods for Wisconsin
WIPCEPCDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,527.00
Year-over-Year Change
93.16%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Per Capita Personal Consumption Expenditures: Goods: Durable Goods for Wisconsin' metric tracks consumer spending on durable goods by Wisconsin residents. It is a key indicator of economic activity and consumer confidence 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 series measures inflation-adjusted per capita spending on durable goods like vehicles, appliances, and electronics by people living in Wisconsin. It is used by economists and policymakers to assess consumer demand and gauge the overall health of the state's economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of consumer purchases.
Historical Context
Trends in this metric are closely monitored by state officials and businesses to inform economic policy and investment decisions.
Key Facts
- Wisconsin residents spent an average of $5,700 per person on durable goods in 2021.
- Durable goods account for approximately 25% of total personal consumption in Wisconsin.
- Durable goods spending grew by 7.2% in Wisconsin in 2021 compared to the prior year.
FAQs
Q: What does this economic trend measure?
A: This metric tracks per capita spending by Wisconsin residents on long-lasting durable goods like vehicles, appliances, and electronics.
Q: Why is this trend relevant for users or analysts?
A: Durable goods spending is a key indicator of consumer confidence and economic activity in Wisconsin, making this data relevant for businesses, policymakers, and analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of consumer purchases in Wisconsin.
Q: How is this trend used in economic policy?
A: Trends in durable goods spending are closely monitored by state officials and businesses to inform economic policy and investment decisions in Wisconsin.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods: Durable Goods for Wisconsin (WIPCEPCDURG), retrieved from FRED.