Personal Consumption Expenditures: Goods: Durable Goods: Motor Vehicles and Parts for North Carolina
NCPCEVEH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26,798.20
Year-over-Year Change
127.74%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures consumer spending on durable goods like motor vehicles and parts in North Carolina. It provides insight into household demand and economic activity 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 Personal Consumption Expenditures (PCE) Goods: Durable Goods: Motor Vehicles and Parts for North Carolina represents residents' purchases of motor vehicles, parts, and accessories. It's a key indicator of consumer behavior and market confidence in the state.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this metric to gauge North Carolina's economic performance and consumer demand trends.
Key Facts
- North Carolina residents spent $X on motor vehicles and parts in the latest period.
- This represented a Y% change from the previous period.
- Durable goods account for Z% of total personal consumption in North Carolina.
FAQs
Q: What does this economic trend measure?
A: This trend measures consumer spending on durable goods like motor vehicles and parts in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into household demand and economic activity in North Carolina, making it a key indicator for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge North Carolina's economic performance and consumer demand trends.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and potential revisions to historical figures.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Motor Vehicles and Parts for North Carolina (NCPCEVEH), retrieved from FRED.