Quarterly, Not Seasonally Adjusted
BPCRTD01RUQ637N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131,918,000,000.00
Year-over-Year Change
93.68%
Date Range
1/1/1994 - 4/1/2012
Summary
This economic trend measures the value of U.S. real personal consumption expenditures (PCE) on durable goods, expressed in billions of chained 2012 dollars on a quarterly basis.
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
Real personal consumption expenditures (PCE) on durable goods is a key economic indicator that reflects consumer spending on long-lasting products like motor vehicles, furniture, and appliances. It provides insight into the strength of consumer demand and the overall health of the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on surveys of consumer spending.
Historical Context
This trend is closely monitored by policymakers, analysts, and investors to gauge consumer confidence and economic conditions.
Key Facts
- Durable goods account for about 12% of total personal consumption expenditures.
- Spending on durable goods is more volatile than spending on non-durable goods and services.
- Consumer demand for durable goods is closely tied to economic conditions and confidence.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of U.S. real personal consumption expenditures (PCE) on durable goods, which includes spending on long-lasting products like motor vehicles, furniture, and appliances.
Q: Why is this trend relevant for users or analysts?
A: Durable goods spending is an important indicator of consumer confidence and the overall health of the U.S. economy. It provides insight into household demand and can inform economic forecasting and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on surveys of consumer spending.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and investors closely monitor this trend to gauge consumer confidence and economic conditions, which can inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical delay of 1-2 months after the end of the reference period.
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Citation
U.S. Federal Reserve, Real Personal Consumption Expenditures: Durable Goods (BPCRTD01RUQ637N), retrieved from FRED.