Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Wisconsin
WIPCEPCFUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,363.00
Year-over-Year Change
77.94%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on durable household furnishings and equipment in Wisconsin. It provides insight into consumer demand and spending patterns within 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 Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Wisconsin series tracks inflation-adjusted spending by Wisconsin residents on durable home goods like furniture, appliances, and electronics. This metric is used by economists to analyze consumer behavior and spending trends.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on consumer surveys and economic records.
Historical Context
This consumption trend is relevant for understanding Wisconsin's economic conditions and consumer sentiment.
Key Facts
- This metric is adjusted for inflation to show real purchasing power.
- Durable goods spending is a leading indicator of consumer confidence.
- Wisconsin's per capita furnishings expenditures have grown steadily since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on durable household furnishings and equipment in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Wisconsin consumer demand and spending patterns, which are important indicators of the state's economic health and consumer confidence.
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 consumer surveys and economic records.
Q: How is this trend used in economic policy?
A: This consumption trend is relevant for understanding Wisconsin's economic conditions and consumer sentiment, which can inform policy decisions by state and local governments.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Wisconsin (WIPCEPCFUR), retrieved from FRED.