Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Arizona
AZPCERECGD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,064.20
Year-over-Year Change
150.90%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Arizona measures consumer spending on durable recreational goods and vehicles in 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 economic indicator tracks consumer demand for a key segment of durable goods in Arizona, providing insights into the health of the state's economy and consumer confidence.
Methodology
The data is collected through household surveys and compiled by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is closely watched by policymakers and market analysts to gauge consumer spending patterns.
Key Facts
- Durable goods account for about 20% of total consumer spending in the U.S.
- Recreational goods and vehicles make up a significant portion of durable goods purchases.
- Arizona's consumer spending on recreational goods and vehicles has grown steadily in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures consumer spending on durable recreational goods and vehicles in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health of Arizona's economy and consumer confidence, as recreational goods and vehicles are a significant component of durable goods spending.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this trend to gauge consumer spending patterns in Arizona, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis, but there may be occasional delays or revisions due to the survey-based nature of the data collection.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Arizona (AZPCERECGD), retrieved from FRED.