Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Alabama
ALPCEPCRECGD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,282.00
Year-over-Year Change
100.63%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on durable recreational goods and vehicles in Alabama. 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: Recreational Goods and Vehicles for Alabama represents residents' purchases of durable goods like sporting equipment, toys, and motor vehicles. This metric is used by economists to analyze consumer behavior and gauge the health of the state's economy.
Methodology
The data is collected through household surveys and business reports by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is relevant for assessing consumer confidence and discretionary spending in Alabama, which can inform policy decisions and market forecasts.
Key Facts
- Alabama's per capita recreational goods spending was $2,798 in 2021.
- Recreational goods make up about 12% of Alabama's total durable goods expenditures.
- Spending on recreational goods has grown by 7.2% annually in Alabama over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on durable recreational goods and vehicles for residents of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer demand and spending patterns in Alabama, which is useful for analyzing the state's economic health and consumer confidence.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and business reports by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend can inform policy decisions and market forecasts related to consumer spending, retail sales, and the overall economic conditions in Alabama.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately three months.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Alabama (ALPCEPCRECGD), retrieved from FRED.