Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Arizona
AZPCEPCFUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,487.00
Year-over-Year Change
95.66%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on durable goods for furnishings and household equipment in Arizona. It provides insights into consumer demand and household spending patterns.
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 Per Capita Personal Consumption Expenditures on Durable Goods for Furnishings and Household Equipment in Arizona series represents inflation-adjusted consumer spending on durable furnishings and equipment at the state level. This metric is widely used by economists and policymakers to assess consumer behavior and gauge the health of the local economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on household surveys and economic indicators.
Historical Context
This trend is a key input for analyzing consumer confidence, retail sales, and the overall direction of the Arizona economy.
Key Facts
- Arizona's per capita spending on durable furnishings and household equipment was $2,145 in 2021.
- This metric has grown by an average of 3.2% annually over the past decade in Arizona.
- Durable goods account for approximately 20% of total personal consumption expenditures in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on durable goods for furnishings and household equipment in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand and spending patterns in Arizona, which are important indicators of the state's economic health and direction.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on household surveys and economic indicators.
Q: How is this trend used in economic policy?
A: This trend is a key input for analyzing consumer confidence, retail sales, and the overall direction of the Arizona economy, which informs policymaking and economic planning.
Q: Are there update delays or limitations?
A: The data is typically released with a 2-3 month lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Arizona (AZPCEPCFUR), retrieved from FRED.