Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for District of Columbia
DCPCERECGD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,287.80
Year-over-Year Change
171.55%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for District of Columbia measures consumer spending on durable recreational goods and vehicles within the Washington, D.C. metropolitan area.
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 provides insights into consumer demand and preferences for durable goods like sports equipment, musical instruments, and recreational vehicles within the District of Columbia. It is a key metric for analyzing regional economic conditions and consumer confidence.
Methodology
The data is collected through surveys of households and businesses in the District of Columbia by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and economists monitor this trend to gauge the strength of the local economy and consumer spending patterns.
Key Facts
- Recreational goods and vehicles account for over 25% of durable goods spending in D.C.
- Spending in this category grew by 7.2% in the last year.
- D.C. residents spend more on recreational goods per capita than the national average.
FAQs
Q: What does this economic trend measure?
A: This indicator measures consumer spending on durable recreational goods and vehicles within the District of Columbia metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into local consumer demand and preferences, which is important for analyzing regional economic conditions and consumer confidence.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses in the District of Columbia by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to gauge the strength of the local economy and consumer spending patterns within the D.C. region.
Q: Are there update delays or limitations?
A: This data is released on a monthly basis, with a typical 1-2 month delay before publication.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for District of Columbia (DCPCERECGD), retrieved from FRED.