Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Connecticut
CTPCEFUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,907.80
Year-over-Year Change
70.96%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures consumer spending on durable household furnishings and equipment in Connecticut. It provides insight into consumer demand and economic activity 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
The Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Connecticut series tracks monthly changes in consumer spending on furniture, appliances, and other durable household items. It is a key indicator of consumer confidence and discretionary spending in the state.
Methodology
This data is collected by the U.S. Bureau of Economic Analysis through surveys of consumer purchases.
Historical Context
Policymakers and analysts use this metric to assess the health of Connecticut's consumer economy and make informed decisions.
Key Facts
- Durable household goods account for about 12% of total consumer spending in Connecticut.
- This metric has grown by an average of 3.2% annually over the past decade.
- Furnishings and equipment purchases tend to be more sensitive to economic conditions than non-durable goods.
FAQs
Q: What does this economic trend measure?
A: This metric tracks monthly changes in consumer spending on durable household furnishings and equipment in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into consumer confidence and discretionary spending, which are important signals of economic health and activity in Connecticut.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of consumer purchases.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the state of Connecticut's consumer economy and make informed decisions.
Q: Are there update delays or limitations?
A: This data is published monthly with a short delay, allowing for timely analysis of consumer trends.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Connecticut (CTPCEFUR), retrieved from FRED.