Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Other Durable Goods for North Carolina
NCPCEPCODURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
800.00
Year-over-Year Change
67.01%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures per capita personal consumption expenditures on durable goods, excluding motor vehicles and parts, in North Carolina. It provides insights into consumer demand and economic conditions in 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: Goods: Durable Goods: Other Durable Goods for North Carolina series tracks household spending on durable goods like furniture, appliances, and recreational equipment. It is a key indicator of consumer confidence and purchasing power in the state.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of households and businesses.
Historical Context
This metric is used by policymakers, economists, and market analysts to assess North Carolina's economic performance and consumer spending patterns.
Key Facts
- North Carolina is the 9th most populous U.S. state.
- Durable goods account for about 20% of total personal consumption.
- Spending on other durable goods tends to be more volatile than motor vehicles.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on durable goods, excluding motor vehicles and parts, in North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand and economic conditions in North Carolina, making it relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of households and businesses.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, economists, and market analysts to assess North Carolina's economic performance and consumer spending patterns.
Q: Are there update delays or limitations?
A: The data is typically updated quarterly with a delay of several months.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Other Durable Goods for North Carolina (NCPCEPCODURG), retrieved from FRED.