Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Massachusetts
MAPCEPCFUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,562.00
Year-over-Year Change
65.64%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on durable goods for furnishings and household equipment in Massachusetts. It provides insights into consumer demand and spending patterns within 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 Per Capita Personal Consumption Expenditures on Durable Goods for Furnishings and Household Equipment in Massachusetts series tracks consumer spending on durable items like furniture, appliances, and other household goods. This metric is used by economists and policymakers to analyze consumer behavior and spending within the state.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through household surveys and other economic reporting.
Historical Context
This trend is relevant for understanding consumer demand and its impact on the Massachusetts economy.
Key Facts
- Massachusetts residents spent an average of $2,850 per person on durable household goods in 2021.
- Spending on furnishings and household equipment makes up about 15% of total personal consumption in Massachusetts.
- Durable goods purchases tend to be more volatile than non-durable goods, reflecting changing consumer confidence.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on durable goods for furnishings and household equipment within the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand and spending patterns in Massachusetts, which is important for understanding the state's economic conditions and outlook.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through household surveys and other economic reporting.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze consumer behavior and its impact on the Massachusetts economy, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be revisions to previous estimates as more information becomes available.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Massachusetts (MAPCEPCFUR), retrieved from FRED.