Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Ohio
OHPCEFUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,602.50
Year-over-Year Change
86.89%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on durable household furnishings and equipment in Ohio. It provides insights into consumer demand and spending patterns within 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: Goods: Durable Goods: Furnishings and Durable Household Equipment for Ohio (OHPCEFUR) series tracks consumer spending on durable household items such as furniture, appliances, and other furnishings. This metric is a key indicator of consumer confidence and economic activity within the state.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of households and businesses.
Historical Context
Policymakers and analysts use this metric to assess the health of Ohio's consumer economy and make informed decisions.
Key Facts
- Ohio's durable household spending accounted for $X.XX billion in the latest period.
- Expenditures on furnishings and equipment make up X% of total personal consumption in Ohio.
- Trends in this metric have historically aligned with broader economic conditions in the state.
FAQs
Q: What does this economic trend measure?
A: The OHPCEFUR series tracks personal consumption expenditures on durable household furnishings and equipment in the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand and spending patterns within Ohio, which is a key indicator of the state's economic health and can inform policy decisions.
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: Policymakers and analysts use this metric to assess the state of Ohio's consumer economy and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the U.S. Federal Reserve, but may be subject to revisions and delays in reporting.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Ohio (OHPCEFUR), retrieved from FRED.