Personal Consumption Expenditures: Goods: Durable Goods: Other Durable Goods for Arkansas
ARPCEODURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,658.30
Year-over-Year Change
46.11%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic indicator measures personal consumption expenditures on other durable goods in Arkansas. It provides insights 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: Other Durable Goods for Arkansas series tracks consumer spending on items like furniture, sports equipment, and household appliances. It is a key metric for understanding the strength of the Arkansas economy and consumer confidence.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and households.
Historical Context
This trend is used by policymakers, economists, and businesses to assess the health of the Arkansas consumer market and guide economic decision-making.
Key Facts
- Arkansas residents spent $X.XX billion on other durable goods in the latest quarter.
- Durable goods account for Y% of total personal consumption expenditures in Arkansas.
- Other durable goods spending in Arkansas has increased/decreased by Z% over the past year.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks personal consumption expenditures on other durable goods, such as furniture, sports equipment, and household appliances, within the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand and spending patterns in Arkansas, which is a key indicator of the state's economic health and consumer confidence.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and households.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses use this trend to assess the strength of the Arkansas consumer market and guide economic decision-making.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a lag of approximately 3 months.
Related Trends
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ARCEMPLOY
Regional Price Parities: Services: Housing: Metropolitan Portion for Arkansas
ARMPRPPSERVERENT
Projected Business Formations Within Eight Quarters: Total for All NAICS in Arkansas
BFPBF8QTOTALSAAR
Real Gross Domestic Product: Food Services and Drinking Places (722) in Arkansas
ARFOODDPRGSP
Gross Domestic Product: Forestry, Fishing, and Related Activities (113-115) in Arkansas
ARFRSTFISHNGSP
Chain-Type Quantity Index for Real GDP: Waste Management and Remediation Services (562) in Arkansas
ARWASTEQGSP
Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Other Durable Goods for Arkansas (ARPCEODURG), retrieved from FRED.