Personal Consumption Expenditures: Goods: Durable Goods: Motor Vehicles and Parts for District of Columbia
DCPCEVEH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,650.00
Year-over-Year Change
90.03%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend tracks personal consumption expenditures on durable goods, specifically motor vehicles and parts, for the District of Columbia. It provides insight into consumer demand and spending patterns within 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: Motor Vehicles and Parts for District of Columbia trend measures the dollar value of consumer purchases of durable goods related to motor vehicles and parts in the District of Columbia. This data is used by economists and policymakers to analyze regional consumer behavior and economic conditions.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is relevant for understanding consumer demand, regional economic performance, and policy decisions related to the automotive industry and transportation infrastructure.
Key Facts
- Durable goods account for about a third of total personal consumption expenditures.
- Motor vehicles and parts make up the largest component of durable goods spending.
- Consumer demand for durable goods is often used as an indicator of economic health.
FAQs
Q: What does this economic trend measure?
A: This trend measures the dollar value of personal consumption expenditures on durable goods related to motor vehicles and parts in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into consumer demand and spending patterns in the District of Columbia, which is important for understanding regional economic conditions and consumer behavior.
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: This trend is used by economists and policymakers to analyze consumer demand, regional economic performance, and policy decisions related to the automotive industry and transportation infrastructure.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Bureau of Economic Analysis, but there may be some delays in reporting due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Motor Vehicles and Parts for District of Columbia (DCPCEVEH), retrieved from FRED.