Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Delaware
DEPCEFUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,582.40
Year-over-Year Change
95.96%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on durable household furnishings and equipment in Delaware. It provides insights into consumer demand and spending patterns within the state.
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: Furnishings and Durable Household Equipment for Delaware metric tracks consumer spending on items like furniture, appliances, and other durable household goods. This data is useful for analyzing consumer behavior and the strength of the local economy.
Methodology
The data is collected through surveys of households and businesses within Delaware.
Historical Context
Policymakers and economists analyze this trend to understand consumer confidence and make informed decisions about fiscal and monetary policies.
Key Facts
- Delaware's durable goods spending accounts for approximately 20% of total personal consumption expenditures.
- Furnishings and household equipment make up the largest component of durable goods spending in Delaware.
- Durable goods expenditures tend to be more volatile than non-durable goods due to their discretionary nature.
FAQs
Q: What does this economic trend measure?
A: This trend measures personal consumption expenditures on durable household furnishings and equipment within the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer demand and spending patterns, which are key indicators of economic health and consumer confidence in Delaware.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses within Delaware.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to understand consumer behavior and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is published with a short delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Delaware (DEPCEFUR), retrieved from FRED.