Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Delaware
DEPCEPCFUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,533.00
Year-over-Year Change
72.44%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on durable goods, specifically furnishings and household equipment, for the state of Delaware. It provides insight into consumer demand and economic conditions in 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 Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Delaware series tracks consumer spending on items like furniture, appliances, and other durable household goods. This metric is closely watched by economists and policymakers to gauge consumer confidence and the strength of the local economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their Personal Consumption Expenditures (PCE) series.
Historical Context
This trend is used to inform economic policy decisions and monitor consumer spending patterns in Delaware.
Key Facts
- Delaware's per capita spending on furnishings and household equipment was $3,382 in 2021.
- Durable goods account for approximately 25% of total personal consumption expenditures in Delaware.
- Consumption of durable goods is considered a leading indicator of economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on durable goods, specifically furnishings and household equipment, for the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer demand and economic conditions in Delaware, which is useful for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their Personal Consumption Expenditures (PCE) series.
Q: How is this trend used in economic policy?
A: This trend is used to inform economic policy decisions and monitor consumer spending patterns in Delaware, which can impact broader economic conditions.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay and may be subject to revisions as more information becomes available.
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Citation
U.S. Bureau of Economic Analysis, Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Delaware (DEPCEPCFUR), retrieved from FRED.