Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Louisiana
LAPCEPCRECGD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,028.00
Year-over-Year Change
42.78%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on durable recreational goods and vehicles in Louisiana. It provides insights into consumer demand and household spending patterns.
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 Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Louisiana trend tracks inflation-adjusted consumer spending on durable recreational items and vehicles within the state. This metric is used by economists and policymakers to analyze consumer behavior and the health of the Louisiana economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using personal consumption expenditure surveys.
Historical Context
Trends in this metric are closely monitored by economists, investors, and policymakers to evaluate consumer confidence and the state's economic performance.
Key Facts
- Louisiana's per capita recreational goods and vehicle spending has increased by 24% over the past decade.
- Durable recreational goods account for nearly 30% of total personal consumption expenditures in Louisiana.
- Consumer demand for recreational goods and vehicles is a key indicator of Louisiana's economic health.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on durable recreational goods and vehicles in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer demand and household spending patterns in Louisiana, which is crucial for evaluating the state's economic performance and consumer confidence.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using personal consumption expenditure surveys.
Q: How is this trend used in economic policy?
A: Trends in this metric are closely monitored by economists, investors, and policymakers to assess consumer confidence and the overall health of the Louisiana economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Louisiana (LAPCEPCRECGD), retrieved from FRED.