Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Motor Vehicles and Parts for Nebraska
NEPCEPCVEH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,923.00
Year-over-Year Change
72.04%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on durable goods, specifically motor vehicles and parts, in the state of Nebraska. It provides insights into consumer demand and spending patterns related to automobiles.
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 (PCPE) trend tracks household spending on a variety of goods and services, broken down by category. The motor vehicles and parts component reflects consumer purchases of durable transportation equipment, which is a significant driver of economic activity.
Methodology
The data is collected through household surveys and other sources by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is closely monitored by policymakers, economists, and businesses to assess consumer behavior and its implications for the broader economy.
Key Facts
- Nebraska's per capita motor vehicle spending was $4,023 in 2021.
- This trend has shown steady growth over the past decade.
- Motor vehicles and parts account for a significant portion of overall durable goods consumption in Nebraska.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on durable goods, specifically motor vehicles and parts, in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer demand and spending patterns related to automobiles, which is a significant driver of economic activity.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and other sources by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and businesses to assess consumer behavior and its implications for the broader economy.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Federal Reserve, but there may be occasional delays or limitations in data availability.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Motor Vehicles and Parts for Nebraska (NEPCEPCVEH), retrieved from FRED.