Per Capita Personal Consumption Expenditures: Goods: Durable Goods for Arizona
AZPCEPCDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,785.00
Year-over-Year Change
102.60%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the per capita personal consumption expenditures on durable goods in the state of Arizona. It provides insights into consumer spending patterns and economic conditions 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
Per capita personal consumption expenditures on durable goods is a key indicator of consumer demand and economic activity in Arizona. It represents the average amount spent by residents on long-lasting, tangible products such as appliances, furniture, and vehicles.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through household surveys and other sources.
Historical Context
This trend is used by policymakers, economists, and market analysts to assess the strength of Arizona's consumer economy and make informed decisions.
Key Facts
- Arizona's per capita durable goods spending was $8,203 in 2021.
- Durable goods account for approximately 25% of total personal consumption in Arizona.
- Durable goods spending is a leading indicator of economic growth in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent per person in Arizona on long-lasting, tangible products such as appliances, furniture, and vehicles.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer demand and the overall strength of Arizona's economy, which is valuable for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through household surveys and other sources.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the health of Arizona's consumer economy and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with a lag of several months. There may also be revisions to the historical data.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods: Durable Goods for Arizona (AZPCEPCDURG), retrieved from FRED.