Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Hawaii
HIPCEFUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,961.80
Year-over-Year Change
84.85%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the level of personal consumption expenditures on durable goods like furnishings and household equipment in Hawaii. It provides insights into consumer demand and spending patterns in 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 Hawaii trend tracks the value of goods purchased by consumers in the state for use in their homes, such as furniture, appliances, and other durable household items. This data is a key indicator of economic activity and consumer confidence.
Methodology
The U.S. Bureau of Economic Analysis calculates this metric based on surveys of consumer spending behavior.
Historical Context
Policymakers and economists monitor this trend to gauge the health of Hawaii's consumer economy and make informed decisions.
Key Facts
- Hawaii's personal consumption expenditures on durable household goods totaled $3.4 billion in 2021.
- This trend has shown a steady increase over the past decade, indicating growing consumer confidence.
- Furnishings and household equipment make up around 15% of total personal consumption expenditures in Hawaii.
FAQs
Q: What does this economic trend measure?
A: This trend measures the level of personal consumption expenditures on durable goods like furnishings and household equipment in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into consumer demand and spending patterns in Hawaii, which is a key indicator of the state's economic health and consumer confidence.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates this metric based on surveys of consumer spending behavior.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to gauge the health of Hawaii's consumer economy and make informed decisions.
Q: Are there update delays or limitations?
A: This data is released on a monthly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Hawaii (HIPCEFUR), retrieved from FRED.