Personal Consumption Expenditures: Goods: Durable Goods: Motor Vehicles and Parts for Louisiana
LAPCEVEH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,043.60
Year-over-Year Change
85.33%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Personal Consumption Expenditures: Goods: Durable Goods: Motor Vehicles and Parts for Louisiana' trend measures consumer spending on durable goods like motor vehicles and parts within the state of Louisiana. This metric provides valuable insights into the strength of Louisiana's automobile industry and consumer demand.
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 changes in the amount Louisiana residents spend on durable goods such as automobiles, trucks, and auto parts. It is an important measure of consumer confidence and purchasing power in the state.
Methodology
The data is collected through surveys of businesses and households in Louisiana.
Historical Context
Policymakers and analysts use this trend to assess the health of Louisiana's automotive sector and broader consumer economy.
Key Facts
- This trend dates back to 1997.
- Durable goods account for around 20% of total personal consumption expenditures.
- The automotive industry is a major employer in Louisiana.
FAQs
Q: What does this economic trend measure?
A: This trend measures consumer spending on durable goods like motor vehicles and parts within the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into the strength of Louisiana's automotive industry and consumer demand, which are important indicators of the state's economic health.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households in Louisiana.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the performance of Louisiana's consumer economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve with minimal delays.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Motor Vehicles and Parts for Louisiana (LAPCEVEH), retrieved from FRED.