Personal Consumption Expenditures: Goods: Durable Goods for Indiana
INPCEDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40,036.40
Year-over-Year Change
90.36%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Personal Consumption Expenditures: Goods: Durable Goods for Indiana' trend measures consumer spending on durable goods in the state of Indiana. This metric is a key indicator of economic activity and consumer confidence.
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
This series tracks the value of durable goods purchased by Indiana residents, including items like motor vehicles, furniture, and appliances. Analyzing this data helps economists and policymakers understand consumer demand and gauge the overall health of the state's economy.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Indiana's durable goods spending accounts for over $50 billion annually.
- Durable goods purchases make up roughly 30% of total personal consumption in Indiana.
- Durable goods spending tends to be more volatile than non-durable goods during economic cycles.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of durable goods purchased by consumers in the state of Indiana, including items like motor vehicles, furniture, and appliances.
Q: Why is this trend relevant for users or analysts?
A: Durable goods spending is an important indicator of consumer confidence and economic activity, making this metric closely watched by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor this metric to inform monetary and fiscal policy decisions that can impact consumer demand and the overall health of the Indiana economy.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis, with a lag of several weeks. There may be occasional revisions to previously published figures.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods for Indiana (INPCEDURG), retrieved from FRED.