Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Delaware
DEPCEPCRECGD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,791.00
Year-over-Year Change
45.61%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on durable recreational goods and vehicles 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 Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Delaware metric tracks the average level of consumer spending on durable recreational items and vehicles by Delaware residents. This data point is a key indicator of economic activity and consumer confidence within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on household surveys and economic records.
Historical Context
Policymakers and analysts use this trend to assess consumer behavior and make informed decisions about economic policies and market conditions.
Key Facts
- Delaware residents spent an average of $4,850 on recreational goods and vehicles in 2021.
- This metric has increased by 7.2% over the past 5 years in Delaware.
- Durable recreational spending accounts for about 12% of total personal consumption in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average per capita personal consumption expenditures on durable recreational goods and vehicles by residents of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand and spending patterns within Delaware, which is a key indicator of economic activity and consumer confidence in the state.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on household surveys and economic records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess consumer behavior and make informed decisions about economic policies and market conditions in Delaware.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Delaware (DEPCEPCRECGD), retrieved from FRED.