Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Delaware
DEPCERECGD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,848.40
Year-over-Year Change
65.48%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the total personal consumption expenditures on durable recreational goods and vehicles in the state of Delaware. It provides insights into consumer demand and spending patterns in this critical economic sector.
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 (PCE) Goods: Durable Goods: Recreational Goods and Vehicles metric tracks consumer spending on recreational equipment, furnishings, and vehicles within the state of Delaware. This data point is a key indicator of economic health and consumer confidence.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of consumer purchases.
Historical Context
Policymakers and analysts monitor this trend to assess the strength of Delaware's consumer economy and make informed decisions.
Key Facts
- Delaware's PCE on recreational goods and vehicles was $2.4 billion in 2021.
- This metric has grown by 25% over the past 5 years in Delaware.
- Recreational goods and vehicles account for 20% of total durable goods spending in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total personal consumption expenditures on durable recreational goods and vehicles in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand and spending patterns in a critical economic sector, which is valuable for policymakers and analysts assessing the strength of Delaware's consumer economy.
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 surveys of consumer purchases.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the strength of Delaware's consumer economy and make informed decisions.
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 over time.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Delaware (DEPCERECGD), retrieved from FRED.