Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Montana
MTPCEPCFUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,485.00
Year-over-Year Change
71.28%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on durable household furnishings and equipment in Montana. It provides insight into consumer demand and spending patterns for durable goods.
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: Furnishings and Durable Household Equipment for Montana series tracks household spending on items like furniture, appliances, and other durable household goods. This data helps economists and policymakers understand consumer behavior and the strength of the local economy.
Methodology
The data is collected through surveys and compiled by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is used to inform economic policy decisions and assess consumer confidence in Montana.
Key Facts
- Montana's per capita spending on durable household furnishings and equipment was $1,967 in 2021.
- This trend has increased by 9.4% over the past 5 years.
- Durable goods account for about 20% of total personal consumption expenditures in Montana.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on durable household furnishings and equipment in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer demand and spending patterns for durable goods, which is an important indicator of economic activity and consumer confidence in Montana.
Q: How is this data collected or calculated?
A: The data is collected through surveys and compiled by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to inform economic policy decisions and assess consumer confidence in Montana.
Q: Are there update delays or limitations?
A: There may be some delays in the availability of the most recent data, as it is collected and compiled by government agencies.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Montana (MTPCEPCFUR), retrieved from FRED.