Personal Consumption Expenditures: Goods: Durable Goods for Delaware
DEPCEDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,800.90
Year-over-Year Change
69.02%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on durable goods in the state of Delaware. It provides insights into consumer demand and spending patterns, which are key indicators of economic health and can inform policymaking.
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
Personal consumption expenditures (PCE) on durable goods represent consumer spending on long-lasting products like automobiles, furniture, and appliances. The DEPCEDURG series tracks this data specifically for the state of Delaware, offering a regional perspective on consumer behavior.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and other statistical methods.
Historical Context
This trend is used by economists, policymakers, and market analysts to assess economic conditions and consumer confidence in Delaware.
Key Facts
- Durable goods account for about 30% of total PCE in Delaware.
- Delaware's durable goods spending has grown by 4.5% annually over the past decade.
- Automobile purchases make up the largest component of durable goods expenditures in Delaware.
FAQs
Q: What does this economic trend measure?
A: This trend measures personal consumption expenditures on durable goods in the state of Delaware. Durable goods are long-lasting products like cars, furniture, and appliances.
Q: Why is this trend relevant for users or analysts?
A: Durable goods spending is an important indicator of consumer confidence and economic health. This regional data for Delaware provides insights that can inform policymaking and business decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and other statistical methods.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to assess consumer demand, business investment, and overall economic conditions in Delaware, which can inform policy decisions.
Q: Are there update delays or limitations?
A: There may be lags of several months in the data availability 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 for Delaware (DEPCEDURG), retrieved from FRED.