Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Montana
MTPCEFUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,682.60
Year-over-Year Change
94.36%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures consumer spending on durable household goods and furnishings in Montana. It provides insights into the state's economic activity 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
The Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Montana tracks the value of consumer spending on items like furniture, appliances, and other long-lasting household goods. This metric is a key indicator of Montanans' purchasing power and confidence.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is used by economists and policymakers to assess the strength of Montana's consumer sector and make informed decisions about economic policies.
Key Facts
- Measures consumer spending on household furnishings and equipment in Montana.
- Provides insights into the state's economic activity and consumer demand.
- Tracked by the U.S. Bureau of Economic Analysis through household and business surveys.
FAQs
Q: What does this economic trend measure?
A: This trend measures consumer spending on durable household goods and furnishings in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of Montanans' purchasing power and confidence, providing insights into the strength of the state's consumer sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the strength of Montana's consumer sector and make informed decisions about economic policies.
Q: Are there update delays or limitations?
A: The data is subject to the regular update schedule and potential limitations of the U.S. Bureau of Economic Analysis surveys.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Montana (MTPCEFUR), retrieved from FRED.