Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Indiana
INPCERECGD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,718.80
Year-over-Year Change
82.82%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Indiana measures consumer spending on durable recreational items and vehicles 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
This economic indicator tracks household purchases of long-lasting recreational products and automobiles within Indiana. It is a key component of overall consumer spending and an important gauge of economic activity and consumer confidence.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this metric to assess consumer demand and the health of Indiana's economy.
Key Facts
- Indiana's durable recreational goods and vehicle spending totaled $X.XX billion in the most recent quarter.
- This indicator has grown by Y% over the past Z years, reflecting increased consumer confidence.
- Durable goods account for approximately W% of total personal consumption expenditures in Indiana.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks household spending on long-lasting recreational products and automobiles within the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand and the overall health of Indiana's economy, making it an important gauge for 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: Policymakers and analysts use this indicator to assess consumer spending patterns and the broader economic conditions in Indiana, which can inform policy decisions.
Q: Are there update delays or limitations?
A: There may be a 1-2 month delay in the release of this data, and the figures are subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Indiana (INPCERECGD), retrieved from FRED.