Personal Consumption Expenditures: Goods: Durable Goods: Motor Vehicles and Parts for Arkansas
ARPCEVEH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,314.10
Year-over-Year Change
78.27%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Goods: Durable Goods: Motor Vehicles and Parts for Arkansas measures consumer spending on durable goods like motor vehicles and related parts 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
This series tracks the dollar value of goods purchases by Arkansas consumers, providing insight into demand for durable goods like automobiles. It is a key indicator of economic activity and consumer confidence.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and economists use this metric to gauge consumer spending patterns and the overall health of the Arkansas economy.
Key Facts
- Motor vehicles account for the largest share of durable goods purchases in Arkansas.
- Spending on motor vehicles and parts tends to be cyclical, reflecting broader economic conditions.
- Arkansas consumers typically spend more on durable goods than on non-durable goods and services.
FAQs
Q: What does this economic trend measure?
A: This metric measures consumer spending on durable goods like motor vehicles and related parts within the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into consumer demand and confidence, which are key indicators of economic health and activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to gauge consumer spending patterns and the overall health of the Arkansas economy.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a lag, so there may be delays in reflecting the most recent economic conditions.
Related Trends
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Production or Nonsupervisory Employees: Manufacturing: Durable Goods in Arkansas
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Motor Vehicles and Parts for Arkansas (ARPCEVEH), retrieved from FRED.