Personal Consumption Expenditures: Goods for Arkansas
ARPCEG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48,439.80
Year-over-Year Change
60.15%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Goods for Arkansas trend measures the total inflation-adjusted consumer spending on goods by Arkansas residents. It is a key indicator of economic activity and consumer demand 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 metric represents the total real-dollar value of all purchases of goods by Arkansas households. It is used by economists and policymakers to gauge the health and trajectory of consumer spending, a major driver of economic growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis through surveys of consumer expenditures.
Historical Context
The Personal Consumption Expenditures: Goods trend informs analysis of retail sales, consumer confidence, and broader macroeconomic conditions in Arkansas.
Key Facts
- Goods account for about 70% of total personal consumption expenditures in Arkansas.
- Real PCE-Goods in Arkansas grew 2.4% year-over-year as of the latest data.
- Arkansas residents spend the most on motor vehicles, furnishings, and recreational goods.
FAQs
Q: What does this economic trend measure?
A: The Personal Consumption Expenditures: Goods for Arkansas metric tracks the total real-dollar value of goods purchased by Arkansas households.
Q: Why is this trend relevant for users or analysts?
A: Goods spending is a key component of economic activity and consumer demand, making this trend important for assessing the health of the Arkansas economy.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis collects this data through surveys of consumer expenditures and calculates the inflation-adjusted total.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use the PCE-Goods trend to inform assessments of retail sales, consumer confidence, and broader macroeconomic conditions in Arkansas.
Q: Are there update delays or limitations?
A: This data is typically published with a 1-2 month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods for Arkansas (ARPCEG), retrieved from FRED.