Real personal consumption expenditures: Durable goods: Furniture and furnishings (chain-type quantity index)
This dataset tracks real personal consumption expenditures: durable goods: furniture and furnishings (chain-type quantity index) over time.
Latest Value
135.88
Year-over-Year Change
89.26%
Date Range
1/1/1929 - 1/1/2024
Summary
This economic trend measures the chain-type quantity index for real personal consumption expenditures on durable goods for furniture and furnishings. It provides insights into consumer demand for these products and the overall health of the durable goods 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 real personal consumption expenditures on durable goods for furniture and furnishings index tracks the volume of consumer spending in this category, adjusted for inflation. It is a key indicator of consumer confidence and the broader state of the economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
This metric is closely watched by policymakers, economists, and market analysts to gauge consumer spending patterns and assess the trajectory of the economy.
Key Facts
- This index is a chain-type quantity index, meaning it tracks volume changes over time.
- Furniture and furnishings make up a significant portion of consumer durable goods spending.
- The index is seasonally adjusted to account for typical spending patterns throughout the year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real personal consumption expenditures on durable goods for furniture and furnishings, providing insights into consumer demand for these products.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched as an indicator of consumer confidence and the broader state of the economy, as furniture and furnishings spending is a significant component of overall consumer durable goods expenditures.
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 the National Income and Product Accounts.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, economists, and market analysts to gauge consumer spending patterns and assess the trajectory of the economy, informing policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis, with some potential for delays due to the comprehensive nature of the national accounts data.
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Citation
U.S. Federal Reserve, Real personal consumption expenditures: Durable goods: Furniture and furnishings (chain-type quantity index) (DFFFRA3A086NBEA), retrieved from FRED.