Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Arkansas
ARPCEFUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,932.40
Year-over-Year Change
99.95%
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 Arkansas. 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 Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Arkansas series tracks consumer spending on items like furniture, appliances, and other durable household goods. This metric is a key indicator of economic activity and consumer confidence in the state.
Methodology
The data is collected through household surveys and aggregated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and economists analyze this trend to understand consumer behavior and make informed decisions about fiscal and monetary policies.
Key Facts
- Arkansas accounts for approximately 1% of total U.S. personal consumption expenditures.
- Durable goods comprise about 25% of total personal consumption in Arkansas.
- Spending on furnishings and household equipment has grown by 30% in Arkansas over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures consumer spending on durable goods like furniture, appliances, and other household equipment in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand and confidence in Arkansas, which is important for understanding the state's economic conditions and trends.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and aggregated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to inform decisions about fiscal and monetary policies that can impact consumer spending and the overall economy in Arkansas.
Q: Are there update delays or limitations?
A: This data is published quarterly with a lag of approximately two months, so there may be a delay in reflecting the most recent economic conditions.
Related Trends
Real Gross Domestic Product: Arts, Entertainment, and Recreation (71) in Arkansas
ARARTENTRECRGSP
State Tax Collections: T22 Corporations in General License for Arkansas
QTAXT22QTAXCAT3ARNO
State Tax Collections: T27 Public Utilities License for Arkansas
QTAXT27QTAXCAT3ARNO
State Government Tax Collections, Total License Taxes in Arkansas
ARTLLICTAX
State Tax Collections: T53 Severance Taxes for Arkansas
QTAXT53QTAXCAT3ARNO
Chain-Type Quantity Index for Real GDP: Mining (Except Oil and Gas) (212) in Arkansas
ARMINEXOILGASQGSP
Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Arkansas (ARPCEFUR), retrieved from FRED.