Per Capita Personal Consumption Expenditures: Goods: Durable Goods for District of Columbia
DCPCEPCDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,767.00
Year-over-Year Change
93.66%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the per capita personal consumption expenditures on durable goods in the District of Columbia. It provides insights into the spending behavior and economic well-being of DC residents.
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 for District of Columbia is a key economic indicator that tracks the average consumption of durable goods, such as appliances, furniture, and vehicles, by individuals living in the District of Columbia.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is widely used by policymakers, economists, and market analysts to assess the strength of consumer demand and the overall economic conditions in the District of Columbia.
Key Facts
- Durable goods account for a significant portion of consumer spending.
- The District of Columbia has a unique economic profile compared to the broader U.S.
- This trend can signal changes in consumer confidence and economic growth in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average personal consumption expenditures on durable goods, such as appliances, furniture, and vehicles, by individuals living in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the spending behavior and economic well-being of DC residents, which is important for policymakers, economists, and market analysts to assess the strength of consumer demand and overall economic conditions in the region.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers, economists, and market analysts to assess the strength of consumer demand and the overall economic conditions in the District of Columbia, which can inform economic policies and decisions.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the U.S. Bureau of Economic Analysis, and there may be some delays in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods: Durable Goods for District of Columbia (DCPCEPCDURG), retrieved from FRED.