Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Montana
MTPCERECGD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,357.30
Year-over-Year Change
107.73%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures consumer spending on durable recreational goods and vehicles in Montana. It provides insights into the strength of the state's consumer demand and economic activity.
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: Recreational Goods and Vehicles for Montana metric tracks inflation-adjusted consumer spending on durable goods like sports equipment, recreational vehicles, and other leisure-related products. It is a key indicator of Montana's consumer confidence and discretionary spending patterns.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this trend to assess the health of Montana's consumer sector and make informed decisions about economic policy.
Key Facts
- Durable goods account for about 25% of total consumer spending in the U.S.
- Recreational goods and vehicles make up around 40% of durable goods purchases.
- Montana's consumer spending on recreational goods and vehicles has grown by 3.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures inflation-adjusted consumer spending on durable recreational goods and vehicles in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Montana's consumer demand and economic activity, which are crucial for policymakers and market analysts to assess the state's economic health.
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: Policymakers and analysts use this trend to evaluate the strength of Montana's consumer sector and make informed decisions about economic policies and interventions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with a delay of approximately two months.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Montana (MTPCERECGD), retrieved from FRED.