Personal Consumption Expenditures: Goods: Durable Goods: Other Durable Goods for District of Columbia
DCPCEODURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
859.00
Year-over-Year Change
74.63%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on other durable goods in the District of Columbia. It is a key indicator of consumer demand and economic activity in the region.
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: Other Durable Goods for District of Columbia measures consumer spending on a variety of long-lasting products such as furniture, jewelry, and therapeutic equipment. This data provides insights into the strength of the local economy and household purchasing power.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
Economists and policymakers monitor this trend to gauge consumer confidence and the health of the District of Columbia's retail sector.
Key Facts
- Durable goods account for approximately 20% of total personal consumption.
- Other durable goods include items like furniture, jewelry, and medical equipment.
- Consumption of durable goods is a leading indicator of economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures personal consumption expenditures on other durable goods, such as furniture, jewelry, and therapeutic equipment, in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer demand and the strength of the local economy in the District of Columbia, which is important for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to gauge consumer confidence and the health of the District of Columbia's retail sector, which informs economic decision-making.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Other Durable Goods for District of Columbia (DCPCEODURG), retrieved from FRED.