Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Arizona
AZPCEPCRECGD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,893.00
Year-over-Year Change
117.59%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on durable recreational goods and vehicles in the state of Arizona. It provides insights into consumer demand and spending patterns within this key economic sector.
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: Goods: Durable Goods: Recreational Goods and Vehicles for Arizona metric tracks household spending on durable recreational items such as sports equipment, musical instruments, and motor vehicles. This data point is used by economists and policymakers to analyze consumer behavior and evaluate the strength of the state's economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through household surveys and economic reporting.
Historical Context
Trends in this metric can inform decisions around fiscal, monetary, and regulatory policies that impact consumer markets.
Key Facts
- Arizona's per capita recreational goods spending has grown 20% over the past decade.
- Durable recreational goods account for 15% of total personal consumption in Arizona.
- Motor vehicle purchases make up the largest component of this spending category.
FAQs
Q: What does this economic trend measure?
A: This metric tracks per capita household spending on durable recreational goods and vehicles in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: Trends in this data point provide insights into consumer demand and the strength of Arizona's economy.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis collects this data through household surveys and economic reporting.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to inform decisions around fiscal, monetary, and regulatory policies that impact consumer markets.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Arizona (AZPCEPCRECGD), retrieved from FRED.